Had an interesting occurance this week... a businessman using his American Express for four purchasing transactions on our company terminal, each amounting to about $300-$400 dollars. During the third transaction his bank ‘stopped’ the transaction “at the terminal”...I could go no further even though it was our companies terminal...not his banks.
Though American Express called him on his cell phone in minutes to of course qualify it was he making those large purchases,.... what was astounding is that this mans bank had access to ‘our companies terminal’ to hault the transaction physically at the terminal site itself.
I could not continue the transaction until his bank released the “screen”..which they basically froze...
Of course they did release it once confirmed he was the card holder making the purchases....but the idea is that a bank could somehow stop this on our companies terminal.
It will be no wonder then that a One World Currency and Economic System could indeed monitor and ‘control purchases’ of any kind, at any companies terminal, and anywhere in the world.
Our bank freezes our credit card when we make out of the ordinary purchases all the time.
The problem is that it is always a problem when they do that because it’s when we’re traveling and need it the most. Well, they tell us that if we’re traveling we should let them know so they know to expect the purchases, but I really resent that.
I do not need my mommy’s permission to travel and lead my life the way I see fit.
I understand that they are trying to prevent fraud, and they did actually once catch someone who tried to buy airline tickets using my daughter’s stolen credit card number, but that was the ONLY time I ever had that happen personally to me in all the years we’ve had credit cards.
Preventing credit card fraud is one thing. This kind of *need their permission to do anything out of the ordinary* really chafes at me.
Yup, I can see this world being set up for an oppressive one world government which requires a mark to buy or sell, all in the name of protecting us, of course.
They didn’t ‘reach into’ your terminal. They didn’t return an authorization code which the terminal was waiting for.
That said, the banks and now the govt do have real time access into our accounts. Unless you pay cash they can watch your account and see where you spend your money.