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Merchant every time you make a purchase with the card. so that means that the merchant will have a lot less of your usable data. >> reporter: that small metallic square on the front makes it more secure. when read at a point of sale terminal, the chip creates a new transaction code for every purchase you make. >> theif somebody steals that unique transaction code from home depot or target or wherever and tries to use the card someplace else to make the purchase, it won't do them any good. it is essentially like having an expired password. >> sharon, good morning. i have to to admit i've been g...
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. we'll 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. we're also keeping an eye on another deadline. tomorrow is the day u.s. credit card companies and merchants are supposed to switch over to smart cards, credit cards that use c...
The new normal. but are the changes enough to protect you from fraud? >> cheryl casone from fox business is here with what we need to know. >> as of october 1st all americans who receive new credit cards embedded with a computer chip that will help improve security and hopefully fight cybercrime better. security experts say the way the card works is pretty simple. >> instead of passing your credit card information to the merchant what it is it passes a unique transaction code that the merchant gets and if a hacker gets into and tries to reuse they won't be able to use it. it is basically like ...