This is the new style EMV card. The laundromat I go to already uses this type.
Posted on 02/08/2014 3:14:06 AM PST by kingattax
These credit cards are dinosaurs.
Every credit card in the U.S. will be replaced by October 2015 with new cards that contain the chip-and-PIN technology that the rest of the world has had for years, according to the Wall Street Journal.
Both Visa and MasterCard are committed to the switch, which will render extinct the plastic in your wallets and purses right now.
No more black magnetic stripes; no more signing on the dotted line.
Americans who have traveled to Europe in recent years will know that the U.S.'s credit card system is embarrassingly old-fashioned by comparison. It's often difficult to use American credit cards abroad because the Europeans abandoned magnetic stripes and signatures years ago — they were too easily hacked. Credit and debit cards in the U.S. are about 10 years behind the rest of the world.
The new cards contain a microchip and require the owner to enter a PIN into a payment machine at checkout.
(Excerpt) Read more at finance.yahoo.com ...
Chip cards here are still have strips so that the old machines can read them.
Soon to be obsolete when you recieve an invisible tattoo (mark) on your hand or forehead in Obamieland
I think that will be the next step, one I won’t be making.
I haven’t used my mastercard for over a year, I can’t remember my pin and I can’t be bothered to reset it lol.
The new invisible tattoos will use the numbering format, xxxxxx-xxxxxx-xxxxxx
I, for one, am very happy to see this happen. Besides the well known Target data breach, there were many smaller companies hacked and card and personal data taken. The primary reason is that the US still uses the old technology and hackers were picking the low hanging fruit.
My wife and I recently froze our credit with the 3 reporting agencies to help thwart identity thieves. Also using Avast! Safezone when doing any transactions online, and have started to use LastPass to keep our passwords safe. It’s getting dangerous out there!
The devices are out there. Its the retailers that will be the problem. They are slow to adapt. Part or what I do is point of sale work. Many just now upgraded from windows xp due to end of life and most just replaced their pin pads due to pci compliance.
Dont get me wrong this change is good for card security but its coming at a bad time as replacing pin pads can cost north of 1000 bucks a unit. Its gonna leave a dent in the bottom line.
Verifone is gonna be a big one. They are the maker of 80% of the ones I install.
No need for the tattoo.
Various biometric ID points:
ears
veins in the hand
iris
retina
fingerprints
facial recognition
Some of these are probably more secure than others.
Maybe in future, it will simply be pheromones or DNA. Maybe we all unknowingly give off a distinct EMF.
Part of my work involves Payment Processing. If it is a simple terminal (swiper) and pin pad, we provide free equipment for the merchants.
We were in Ireland last year and our cards worked fine.
EMV (chip and PIN) cards do not use RFID technology so there’s no need to shield the card in your wallet from cyber thieves. The chip’s contacts are exposed on the front of the card (like the SIM card in your mobile device) and have to make contact or been in real, close (like a millimeter) from the device reader.
They call it “new tech”, then admit it’s been in Europe for “years”.
I noticed last week that my Trader Joes has readers that have a slot for the EMV cards in addition to the regular swipe track. However, they don’t appear to be set up to read the EMV cards just yet.
We seem to be moving closer and closer to the day when everyone will have a chip implanted under their skin. Of course, once that happens, no one will be able to buy or sell unless they have the mark of....
It’s often difficult to use American credit cards abroad
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I wonder just where the author went ???
I was “abroad” in October and had no problems with my “old fashioned” credit cards...
This is the new style EMV card. The laundromat I go to already uses this type.
I’ve been using this in the Czech Republic for well over a decade now. I’ve never had a problem with it, to be honest.
a serial number tattoo as well. I believe it was a European that invented that several years ago. (sarc)
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No they didn’t
God mentioned those centuries before there was a Europe...
the number will be 666...and will be needed to ...buy and sell..Revelation 13:18
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