2023-08-05 03:45:20
A credit card is a financial product that allows you to pay for goods and services on credit, while a debit card works to store your money, receive and send money, or pay for your purchases.
With the advancement of technology, the way of using these financial products has changed. Now it is possible to carry out transactions with the PIN or even with the system contactless (placing the terminal near the point of sale).
In none of the cases is a handwritten signature required to authorize payments, so many people have started to stop signing their plastics. Is this dangerous?
It might interest you: Oxxo opens its first store without ATMs and contactless payments
The answer is no. Previously, when transactions required signatures and cards were stolen, it was easier to commit crimes due to the ease with which the card could be counterfeited. Now, With the advent of the PIN or contactless technology, it is more difficult for identity theft.
However, some stores and establishments maintain the policy of not accepting a card if it is not signed, so we recommend you continue doing so, since it is out of habit and in the end it is charged by PIN or contactless payment.
Are ATMs disappearing? So you can make your withdrawals from now on
Cards are said to no longer have magnetic stripes by 2024. With the upgrade to plastics, It has also been revealed that ATMs could disappear in the next few years.but how could a cash withdrawal be made?
The digitization process within financial institutions began in 2008, but accelerated with the advent of the Covid-19 pandemic. Now, the vast majority of bank customers carry out their operations using their cell phones.
Whether for security or convenience, banked Mexicans prefer to make transfers, withdrawals, payments, balance inquiries and other movements with bank applications installed on their devices. This allows them to leave their cards at home and carry the essentials.
Countries like China, Korea, Australia and Norway, for example, could become the first to go cashless. by 2030, so ATMs would not be necessary. In the case of Mexico, there is still no estimated date for this change.
At the moment, given the shortage of cards that has just begun in Mexico, there are already two ways to withdraw cash (if you still need it). The first is the ‘withdrawal without a card’ that can be done using a code generated by the banking app.
The second is through NFC (Near Field Communication or Near Field Communication). This option requires your phone and to activate it you must select ‘Settings’ and then enable it through ‘Wireless connections’.
To withdraw cash, simply perform the following steps:
Open the bank or service app on your mobile device Verify that the ATM is enabled with NFC technology Bring your mobile closer to the ‘Contactless’ symbol (similar to WiFi) The automatic method will be detected in seconds; enter your PIN and carry out the operation as usual at the ATM
The last:
See comments Alto Nivel Team of young journalists whose objective is to explain the most relevant business, economic and financial news. We are passionate about telling stories and believe in citizen and service journalism.
#sign #plastic #credit #debit #card