Page 50 - Chip Technology News Today

Remember, commercial drone use is illegal for the time being. >> should be better regulation for this. i keep thinking to see that as we have heard about wanting to have people log their devices. i think by the end of the year because theres going to be such a boon for christmas. >> yeah. you dont want -- >> people getting them as gifts. >> dont think of the accidents that could happen. take-out for restaurants could be a different -- never mind the packages. by now youve probably bought somet...

Dont you love technology? credit card companies are replacing old cars with new ones with these little silver chips on them. the transition is not going as smoothly as they might have hoped. it is suggested that they will provide better fraud protection. many stores still dont have the technology to read the special chip. brenda butler is a special correspondent. i was out shopping and i have a chip on my card but the place where i went, i couldnt do business. it wasnt free. >> they didnt give i...

We also learned from the state department that russia had asked the u.s. to stay out of syrian airspace. but spokesman john kirby says the united states will continue flying its own missions over syria as planned. well have the latest from the white house in the next hour. developing now, we are just moments away from a senate vote to fund the government and beat the midnight deadline to avert a government shutdown. were also keeping an eye on another deadline. tomorrow is the day u.s. credi...

Throughout the event has been #2030now. what kind of world do you want to see? >> a cleaner ocean. thats goal number 14. >> how realistic are the goals for them to be achieved in our lifetime? >> they have to be realistic. we have no other choice. we are all now connected. we can self-actualize as a humanity to build the world we want to. aman mohyeldin from the good summit there. up next, you might wonder why you recently got new credit cards in the mail before your current ones expired. they...

It is used all over the worrell. it is not new but it isnt foolproof. in other countries you have to have the chip and the code to use your credit card every time but that isnt the case in the u.s. as of yet. it is easier for thieves to break in with just a chip and the card the pin helps for the second layer of protection. the new chip wont stop thieves from using the card on-line. thats one issue and fraud alerts are not enough. you need a credit freeze so no one can access your information if...

Trace gallagher is live with more. no more swiping, huh? >> well, there is swiping, gretchen. youll still have that for a while, but the chip youre talking about on the front of the credit card, it stands or is called emv, which stands for euro card mastercard, visa, the credit card companies behind the new technology. experts say the chip will reduce credit card fraud significantly because the magnetic strip on the back of your card has the same information as the front of your card. so therefo...

Pass more of the liability on to the retailer. >> of course, the retailers are all supposed to be on board with the new chip technology by the end of this week, but thats not going to happen. in fact, experts say for now only about 30% of retailers actually have the new terminals where instead of swiping your card you get to dip your card. and because the transaction may take a few more years to complete, your credit and debit cards will still have the magnetic strips on the back. major companie...

Prices. >> several ways to look at, it really s. there any indication how low it could go? thats always the question that folks ask when you see a headline like that. >> when the momentum starts heading in one direction, it takes something pretty significant to stop it. >> so it will be interesting to watch that. just a headline just crossing now. you did point out that for many of us that means more money in our pockets because were not spending so much on gas and what were all going to be rece...

Executives at target reported thieves swiped information belonging to more than 100 million people. target officials say they made off with credit card numbers, mailing addresses. and neiman marcus reported a similar attack. both companies caught flak for failing to immediately inform customers. gerri willis is with us. what does this -- what are they calling for and what are they missing? >> holder wants a national standard. one rule for all states. we have now 46 states with their own rules ho...

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. >>...