On 7 Jan 2010 11:16:06 -0800, [email protected] (J R) wrote:

>> Why are they more secure?
>
> 
>
>On a mag-stripe card, the data is right there, unencrypted for anyone to read 
>and, 
>if they so desire, clone.  
>
>The chip is not just data; it is a processor.  All data exchanged between the 
>card (ie. the chip) and the terminal is encrypted.  
>
>There's obviously a lot more to it than that but, right from that basic level, 
>the chip is inherently more secure that the stripe.  I don't need Interac to 
>tell me that.  

The question is - are they secure enough?    It takes more work to
clone a chip card, but do crooks who have the technology to use
mag-strip cards have access to the technology to use chip cards?   I
don't know the answer.

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