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No, the fix is really easy: you drop the magnetic strip and only use chipped credit card (or similar). And this is what all the CC have been moving to already.
by pieter 16y ago
No, the fix is really easy: you drop the magnetic strip and only use chipped credit card (or similar). And this is what all the CC have been moving to already.
- jedsmith 16y agoI agree, but good luck getting every mom-and-pop merchant in the entire world to redo their POS. Moving is going to take a long time.
- drivebyacct2 16y agoNot if Mom and Pop's grandkid gave them an iPhone for christmas and all they have to do is plug in a tiny reader
- teilo 16y agoHaving worked with many so-called "Mom and Pop" POS systems, I can tell you that it is just not that simple. Most "Mom and Pop" shops are already using integrated hardware/software solutions. How is their iPhone going to transfer transactions into the Accounts Receivable software that is tightly integrated into their register system? There's a lot more to it than just capturing a transaction.