Even if your bank issues you with a new chip-n-PIN card, what happens when you try to use it at a business that only has a magnetic reader? Every shop PoS system, every ticket vending machine, every soft drink vending machine needs to be replaced.
And how is chip-n-PIN going to help you buy something from amazon.com? Chip-n-PIN is definitely a step in the right direction. But it is extremely expensive (most jurisdictions that have adopted it have done so because of regulator fiat - I'm guessing all the small-government folks on this list won't take kindly to that), and even if adopted by every issuer and every acquirer and every merchant simultaneously, it doesn't solve every problem (e.g. online transactions). Cheers Ken From: [email protected] [mailto:[email protected]] On Behalf Of J- P Sent: Wednesday, 25 December 2013 5:47 PM To: [email protected] Subject: RE: [NTSysADM] RE: 40 Million CC breach at Target.... Chip and PIN? http://www.creditcards.com/credit-card-news/outdated-smart-card-chip-pin-1273.php Jean-Paul Natola ________________________________ From: [email protected]<mailto:[email protected]> To: [email protected]<mailto:[email protected]> Subject: RE: [NTSysADM] RE: 40 Million CC breach at Target.... Date: Tue, 24 Dec 2013 02:31:32 +0000 Your rant presupposes that there isn't "decent security" already in place. What evidence do you have that there isn't? Cheers Ken From: [email protected]<mailto:[email protected]> [mailto:[email protected]] On Behalf Of J- P Sent: Tuesday, 24 December 2013 12:43 PM To: [email protected]<mailto:[email protected]> Subject: RE: [NTSysADM] RE: 40 Million CC breach at Target.... /rant on I have one question that rings in the back of my mind, they (banks creditors merchants etc..) charge all sorts of fee's, sometimes i'have heard of fees larger than a bill thats due- Why cant they take a piece of that to get some decent security into place? /rant off
