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Thread: Coin Theivery

  1. #1

    Coin Theivery

    Today I have been dealing with a stolen debit card number. Luckily the fact that the transaction attempt was made at a store in a different state on a card that I only use for bills, this raised a red flag and the transaction was block and my card suspended. As far as the credit card company can see, my card was physically swiped in the store. This raised an interesting thought. Could Coin be easily used for nefarious purposes such as this? Think about it. The perp could load up all of their stolen card numbers on the Coin, and easily cycle through them at vendors, and the vendor would have no clue.

  2. #2
    Huh… interesting point. It makes it easier for baddies to use your # in a B&M store, that’s for sure. I mean, all they have to do is program Coin. They don’t need to forge a card with a magnetic strip to be programmed, raised numbers and a metalic strip and sig bar etc.

  3. #3
    Honestly this is really only an issue here in the states where there is no PIN requirement. Overseaes, it’s all like Debit cards here: you swipe and then type a pin.

  4. #4
    Coin seemed like a good idea to me until I read there was a $50 biannual fee.

  5. #5
    Coin has a card reader and requires taking photos of front, back, and swiping to add cards. You can’t use it with just stolen numbers.

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