| Submit your comments on this article |
| -Lurid Crime Tales- |
| American credit cards going to EMV for security. |
| 2014-02-13 |
| [Forbes] The 70 million Target credit card breach might be the first time most people ever heard of EMV, if they even noted its mention in the coverage. More secure cards wouldnÂ’t have averted the breach but they would have limited the value of the stored data. News stories have drawn attention to the fact that American credit cards lag behind Europe and Canada when it comes to security. (EMV stands for Europay, MasterCard and Visa, which developed the technology specification for payments which has been adopted by the major card providers.) EMV at Wik. |
| Posted by:Besoeker |
| #4 It will not be a suggestion, it will be a requirement. Per Revelations. No cash or coins, just Radio Frequency based transactions against your account. |
| Posted by: Omavising Ebbemp9815 2014-02-13 15:22 |
| #3 Might I suggest either in the forehead or back of the hand for the site of that tiny IC chip Omavising. |
| Posted by: CrazyFool 2014-02-13 13:04 |
| #2 Merchants in the U.S. face an October 2015 deadline for moving to chip cards — after that, the liability for fraudulent transactions on a mag card will shift to the stores. Well, that's one way to go after Amazon (internet merchants et al). How does one verify an online order with a 'chip' card? For an entity as big as Amazon, they probably could go to their own card (near banking system). For the smaller guys, it's may be the cost of doing business which is transferred to the customer, wiping out the difference between them and the local brick and mortar stores. |
| Posted by: Procopius2k 2014-02-13 12:54 |
| #1 Once a truylly secure IC process exists next step is tiny IC (EMV) chips implanted just below the skin in people that through RF provides that information either at a Toll Station, Point of Sale system in a retail store or wifi receiver on your laptop when making an on-line purchase. |
| Posted by: Omavising Ebbemp9815 2014-02-13 11:40 |