questionsdid you know the point of sale option on atm…

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as long as I can still use my VISA Debit card for cash back, I am ok.

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No, I had not heard. Thanks for the heads up Op

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This could be an even bigger problem at Sam's Club than at Wally World. Walmart will let you use your card as a Visa/Mastercard but Sam's Club will not. If you can't do debit POS at Sam's Club, you'll have to bring cash with you, which means if you're me you just don't go to Sam's any more.

That said, do you have a source for it? Not accusing you of lying, I just hadn't heard this before.

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Interesting... does anyone have any links? I'd like to read a bit more about this.

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Googled it and my top result was this thread on Woot.

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@lparsons42: doesn't sams have an atm by the front door? I know costco does.

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I don't know anything about unbranded ATM cards no longer functioning, but it sounds like a reference to the Dodd–Frank Wall Street Reform and Consumer Protection Act... Maybe there is something in there that indirectly makes it harder for smaller institutions to use the ATM network?

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I am not sure if this is a definitive answer but there is a QA PDF from an ATM network SHAZAM :
"
Question: Can a merchant refuse to accept a debit card based on the card issuer?
Answer: The Dodd-Frank Wall Street Reform and Consumer Protection Act contains a provision prohibiting merchants from discriminating based on the card issuer. Merchants are able to decide which networks (Visa®, MasterCard®, SHAZAM, etc.) they will accept cards from, but they may not refuse to take a card from a network they accept based on the issuer. For example: If ABC business accepts SHAZAM cards from a non-exempt issuer (one with greater than $10 billion in assets), that business must also accept cards from an exempt issuer (one with less than $10 billion in assets). Remember, though, the merchant does have the ability to choose which network (from those enabled on the card) to actually route the transaction.
"
https://public.shazam.net/pdf/durbin_qa.pdf

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While I'm waiting for the banks to open back up tomorrow, so that I can get a definitive answer to this, here's an older question where @magic cave brought this up before:

http://deals.woot.com/questions/details/1878966a-d2b7-4f65-a70f-377a5e5d75b0/do-you-use-an-atm-debit-card-to-make-purchases-in-stores

I believe that much of the confusion over this question is that very few people even HAVE cards that are only ATM Cards.

http://en.wikipedia.org/wiki/ATM_card

If you were previously using your debit card (one with a VISA/MC logo) to make purchases with your ping, to my knowledged, this will NOT change. If you still have an ATM Card that is NOT linked to either Visa or Mastercard, then that card will no longer be eligible for Point Of Sale transactions using your pin.

I will check to make absolutely sure that my previous statements are correct, but to the best of my knowledge, that's all this is.

No worries, mates.

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@rooopert2002: Just a quick note. You are speaking of a debit card while the card in question is an ATM card. Different.

I also admit to have NEVER heard of a "Shazam card" (but there are more things under the heavens than are dreamt of in my philosophy). I may have to go off and poke them for a bit. Anything new in the banking world always interests me.

[Edit: My mistake. I'd heard of them. Here's more, if anyone's curious.

http://en.wikipedia.org/wiki/SHAZAM_%28Interbank_Network%29]

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My credit union was proactive about this and three weeks ago sent me a Visa debit card to replace my basic ATM/debit card ( I refer to it as ATM/debit as I could use it that way--of course, I could be confuse the terminology). The credit union cited the Dodd-Frank nonsense as the reason behind the replacement.

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@shrdlu: Look at the back of your debit card. Mine has PLUS and Interlink, but Shazam is fairly common as well. They are networks for true debit (ATM) transactions.

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Oh, and as far as I know, Sam's Club accepts Discover Credit Cards and Visa Debit Cards.

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@omnichad: Yeah, yeah. I cheated, and edited my comment, kiddo. I'd heard of them, but they're regional, and not a replacement for MC/Visa, which was the way I'd taken the original comment.

I gently point out that I have three debit cards, one of them has Cirrus, and the other two have no logo on the back. Interesting to note that one of my credit cards(and only one, and unrelated to the bank with the debit card) also has Cirrus.

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@lparsons42: Others have provided answers to your question, but let me just add that my information comes from my employer, one of the 20 or so largest credit unions in the country.

Also, please note again that I was referring only to true ATM cards, which does not include debit cards carrying a Visa or Mastercard (or other major issuer) logo.

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@lavikinga: We did that, too, only to hear from a surprising number of members who by golly did NOT want a Visa-branded check card, thank you very much. More folks than one might expect have no interest at all in a debit card and want to stick with their tried and true -- and safe -- ATM card. Nearly all the members with whom I've spoken don't give a hoot about the loss of POS functions, since they never used the card for purchases anyway.

I would like to disagree with you on one note, though. Frank-Dodd was a major piece of consumer-oriented legislation, especially since one of its provisions was the creation of the Consumer Protection Agency. The ATM card changes were essentially a sop to the banks to keep them from having an even bigger hissy fit than they did over the significant lowering of the interchange and swipe fees they could charge merchants.

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@rooopert2002: You get a gold star for finding and understanding the question and answer. The language of the bill is seriously dense; I had to read it aloud to myself three or four times to make it make sense, and I still have trouble paraphrasing it in a way people can understand. Most of the bill is genuinely consumer-friendly, but the ATM piece of it was a spoonful of sugar to the banks to make the medicine go down a wee bit smoother.

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@magic cave: Remember: Congress is Republicatarian! And we ain't "one of us!"
Wells Fargo just mailed me stating that any Wells Fargo card use at a non- Wells Fargo branded access point will cost me an additional $2.50.
We had this issue with BofA some years ago. I was travelling in a SysAdmin team, and sometimes we had problems with the ATMs. Even tho we had BofA paychecks and BofA accounts, we still couldn't draw money ($300) out. Finally, (duh!) we figured it out. In the very fine print on a scratched up sticker it kinda explained that out-of-area banks and accounts could incur a small fee; both ways. So, if we had the standard $300 limit, we could only draw $280; only then would the receipt tell us why and how much. The only reason for us to have a BofA account was to avoid all these hassles. I had a BofA paycheck, both a BofA checking and savings accounts, and I'm at a BofA ATM. No joy: a couple of states away from home means more fees and charges.
BTW, we all changed banks.

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I don't have an ATM card, but thanks for the warning anyway.

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@lparsons42: @mrmucox: MasterCard was added as an option at Sam's Club on November 9, 2006. Still no Visa.

I did not know you even could use an ATM card like that. Never thought of it. Use my debit card at Aldi, Discover at DollarTree (or Sam's if I want cash back), and MC everywhere else.

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@shrdlu: I originally created that Shazam page on Wikipedia. Seriously. Shazam was the network of my first ATM card back in the day and at the time, there was no Wikipedia article about it.

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I think this administration needs to reevaluate their standpoint on what is actually important right now for our country. What a bunch of micromanaging, waste.

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I don't use debit cards but I did receive several Visa debit cards from my credit union along with a letter of explanation:

"As a result of recent legislation, we are no longer able to allow members to use their ATM- only cards as a Point-of-Sale transaction card. Currently, VyStar ATM-only cards provide access to savings and checking accounts at ATMs to get cash and perform transactions and also provide Point-of-Sale (POS) access at retailer checkouts to make purchases. This secondary function will be discontinued as of March 28,2012.

To ensure minimal disruption to service and the continued use of POS at checkout, we will be upgrading your ATM-only card to a VyStar Visa® Check Card. VyStar's Check Card will allow you to access your savings and checking accounts with both ATM and POS functions. Your new Check Card will not be affected by this regulatory change."