How Do Chips Make Credit Cards More Secure?
If you live in the United States, you might have recently gotten a credit card with a microchip on it. But what does this chip do that makes it any different than the magnetic strip on the...
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♩♩Intro♩♩ If you’re in the US, you’ve probably heard grumbling about new credit cards with microchips -- and the slow, loud machines we have to use with them. And if you’re in Europe or Canada, you’ve been using chip cards for almost a decade, and you’re wondering what the fuss is about. But it’s about time we’re switching, because old cards were really easy for criminals to fake. And now, it’s next to impossible. At least... offline. The purpose of a debit or credit card is simple: You’re promising someone that they’ll be paid what you owe them. And some of the card’s information, like the card number, is its way of saying who you are and where to get the money from. Now, you don’t want someone to be able to steal your car...
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♩♩Intro♩♩ If you’re in the US, you’ve probably heard grumbling about new credit cards with microchips -- and the slow, loud machines we have to use with them. And if you’re in Europe or Canada, you’ve been using chip cards for almost a decade, and you’re wondering what the fuss is about. But it’s about time we’re switching, because old cards were really easy for criminals to fake. And now, it’s next to impossible. At least... offline. The purpose of a debit or credit card is simple: You’re promising someone that they’ll be paid what you owe them. And some of the card’s information, like the card number, is its way of saying who you are and where to get the money from. Now, you don’t want someone to be able to steal your car...
