Forum Discussion
Jagtech
Aug 06, 2016Explorer
rgatijnet1 wrote:
I look at this as a hint as to the future. Technology is ever improving, both for us and for the criminals. Unless the credit card companies do something to combat this, it will be worse next year.
We already cannot swipe most credit cards now in some stores because of the new embedded chip. Now they have to be plugged in and I would expect more improvements with the credit card security in the future.
How true!
Here in Canada, most of our new credit and debit cards are the "Tap & Pay" type, which means you only need to touch the card to the card reader screen; no pin required, no signature, nothing. In my view, this is a step backwards for credit card security. If a crook gets his / her hands on your cards, they don't need a pin number to make purchases.
I have to admit, it is certainly faster and more convenient, but I have serious misgivings about these new cards.
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