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Annoying chip readers

Swiping a credit card just seems so much more efficient than sticking the card into a terminal and waiting. And waiting.

But the chip cards are actually more secure, credit companies say. The chip cards attempt to prevent fraud by generating a unique code for every transaction that can only be used once. So the cards are supposed to slow down criminals who steal a bunch of card data and then manufacture physical cards. Chips make the data much less useful. The cards also reduce the value of card skimming, where a device is placed on the card reader to steal data.

Chips do nothing for e-commerce fraud or a variety of other types of criminal activity. In addition, if you use a chip card, but sign for the transaction instead of using a pin number, the transaction is less secure.

Article provided by Bluegreen Carpet & Tile Cleaning in Waukesha

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