Page 2 - Chip Cards News Today

The banks here are not going to make us use a four digit pin because i guess its too difficult for us to adopt that. do we think were stupid or lazy or a little bit of both? instead, its what is called the chip and signature technology. so the chip makes it more secure but you still have to sign it. could the technology be better? yes. by the way, when you get the cards, it will probably still have a magnetic stripe on the back because a lot of your merchants havent adopted the new point of sale...

Target plans to have chip technology in place next year. >> its more inkripgs. so the credit card information would stay incrypted longer and make it much more difficult for the hackers. >> also discussed personal identification numbers or opinions to go a -- pins to go along with smart chip cards. and also new rules so youll know much faster. but none of this is foolproof. the chip technology could cost bi billions and become irrelevant after clever hackers find a new way to beat the system. >>...

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