On 01-Jan-01, Matt Sealey wrote:
>
> Hello Chris
>
> On 01-Jan-01, you wrote:
>
>> Either you under quoted, or you read something into that message.
>> Where does he talk about 4 days? Online cc verification is typically
>> measured in seconds or minutes, not days.
>
> No, you read something into my message that wasn't there. Read it
> again.
>
> Basically, a credit card authorisation can take seconds. But to
> correctly verify a credit card transaction at the very least takes
> until the next working day (when balances are updated) or in the case
> of a weekend, 4 days (a transaction made on Saturday would not be
> confirmed until Tuesday morning)
False, at least in North America. Credit cards are validated and
approved by modem instantly and shopkeepers can be instructed to seize
stolen or unpaid cards directly from the shopkeeper's terminal. A
simple secure transavction forwards the card number and amount of
purchase to the shopkeeper's Credit provider, and the credit proovider
queries the client's credit provider, from small stores in the time it
takes the modem to dial and send 100 bytes of data, process that and
receive the response.
Today in Canada, and to a lesser degree in the USA, Direct debit Cards
are being used to the same effect. I can go to the store, by my food
and have any of my bank accounts debited instantly. What the bank does
not do instantly is credit my deposits.
I can go for days without any cash except coins for the coffee machine
at the office, and even that is configured for prepaid debit card
operations should I care to purchase one.
>
>> In any case, this is all really a stretch of the topic. And I
>> apologize for posting on this thread. Each "Doubting Thomas" here
>> should take a trip to PalmGear.com for him or her self and see how it
>> can be done
>
> We know it CAN be done, but consider that each Doubting Thomas
> here may well have been working on just these kinds of projects.
>
> There are hundreds of nasty pitfalls, costs, traps and fees to pay
> and be caught by. Most of them fall on the COMPANY WHO ENTERED
> THE CARD NUMBER.
>
You really need to get your government to enact reasonable banking laws
that protect merchants from avaricious institutions, if the situations
you describe really exist in Britain.
> A single, central software resource simply isn't possible in
> the current climate. And you'd all just f**king abuse it anyway
> like you do everything that comes along that might be
> any use.
I really object to this attitude, young man. You are putting the sins of
the few on hte shoulders of many.
>
> Bah, humbug! :)
>
> Thanks
--
Bob Q
Rocket Scientist during the day,
Amiga Afficionado all night.
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