What do you think of this??

[Roseslipper]

What do u guys think of this?

U.S. Banks and Merchants: Now Is the Time for EMV-Chip Card Migration

U.S. Banks and Merchants: Now Is the Time for EMV-Chip Card Migration | Cashless Pioneers Blog I MasterCard Social Media Newsroom

EMV - Wikipedia, the free encyclopedia

[bytebear]

I want to go back to the gold standard, literally. Pay for things with gold.

[jerome1232]

I want to go back to the gold standard, literally. Pay for things with gold.

But how do I stick gold nugget into my computer and have them sent to amazon

[mrmarklin]

The pin and Chip is universal in Europe. The magnetic stripe is dying there and getting harder to use, although I have not had any problem with it.

Can't come soon enough to the USA.:)

[bytebear]

But how do I stick gold nugget into my computer and have them sent to amazon

COD (or rather Gold on Delivery)

[Still_Small_Voice]

I have read about these types of cards. I do not like them because someone could potentially bump into you and steal information off the card since you are no longer required to slide the card through a reader. Mere contact with the card enables the exchange of information.

This is a good idea for people who are identity thieves. They will love it.

Edited January 20, 2014 by Still_Small_Voice

[Still_Small_Voice]

I have read about these types of cards. I do not like them because someone could potentially bump into you and steal information off the card since you are no longer required to slide the card through a reader. Mere contact with the card enables the exchange of information.

This is a good idea for people who are identity thieves. They will love it.

[marshac]

I have read about these types of cards. I do not like them because someone could potentially bump into you and steal information off the card since you are no longer required to slide the card through a reader. Mere contact with the card enables the exchange of information.

This is a good idea for people who are identity thieves. They will love it.

Your credit card most likely already has a RFID chip- I know all of my mastercard cards do. The chip+pin model is much more secure because it's more than just a simple entry of numbers (like your current card)- the chip itself can be queried and the response validated ensuring that the card is physically present. The user of the card is then validated by use of a 4-6 digit PIN that only they would know. Back in my IT days we used something similar called SecurID- basically it was a token you had which generated a random number every 30s or so. Coupled with your PIN you had a unique single-use password. Even today I use something similar in my own life (YubiKey).

Here's the logo for the RFID enabled cards-