- Joined
- Jul 4, 2007
- Messages
- 17,494
- Reaction score
- 7,308
- Points
- 948
- Resorts Owned
- HGVC & GTS
FINALLY.
http://news.yahoo.com/visa-goodbye-mag-stripe-credit-cards-hello-chip-154717916.html
Condensed From PC Magazine:
---------------------------------
Visa: Goodbye to Mag-Stripe Credit Cards, Hello to Chip Cards
By Mark Hachman - PC Magazine
Visa said Tuesday that it is making an aggressive effort to push U.S. consumers onto credit cards with embedded security chips, a technology that has become prevalent overseas.
Visa also said that it sees an end to the common "mag-stripe" credit card, which the United States has used for decades. In its place, Visa said it will move to EMV or "Chip and PIN" technology. Visa also set a deadline: April 2013, the date by which its service providers must support merchant transactions using chip-based cards.
Ellen Richey, Visa's chief enterprise risk officer, wrote: "... now more than ever before, we're hearing confirmation that chip is the right direction for the U.S. ... We've seen financial institutions issuing chip cards to international travelers. And some large merchants have already begun installing chip terminals.
Europe is increasingly moving to the so-called "Chip and PIN" technology, where consumers slide a card, then enter a 4-digit PIN. "EMV" technology refers to Europay, MasterCard and VISA, who developed an interoperable standard for chip readers.
http://news.yahoo.com/visa-goodbye-mag-stripe-credit-cards-hello-chip-154717916.html
Condensed From PC Magazine:
---------------------------------
Visa: Goodbye to Mag-Stripe Credit Cards, Hello to Chip Cards
By Mark Hachman - PC Magazine
Visa said Tuesday that it is making an aggressive effort to push U.S. consumers onto credit cards with embedded security chips, a technology that has become prevalent overseas.
Visa also said that it sees an end to the common "mag-stripe" credit card, which the United States has used for decades. In its place, Visa said it will move to EMV or "Chip and PIN" technology. Visa also set a deadline: April 2013, the date by which its service providers must support merchant transactions using chip-based cards.
Ellen Richey, Visa's chief enterprise risk officer, wrote: "... now more than ever before, we're hearing confirmation that chip is the right direction for the U.S. ... We've seen financial institutions issuing chip cards to international travelers. And some large merchants have already begun installing chip terminals.
Europe is increasingly moving to the so-called "Chip and PIN" technology, where consumers slide a card, then enter a 4-digit PIN. "EMV" technology refers to Europay, MasterCard and VISA, who developed an interoperable standard for chip readers.
Somehow I don't think this will be any more secure and is likely to make life a little harder on me.
