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> the longevity of mag-swipe in the US Yes, it was strange. My guess is it was simply related to cost: cost of replacing hundreds of millions of POS terminals
by TedDoesntTalk 4y ago
> the longevity of mag-swipe in the US
Yes, it was strange. My guess is it was simply related to cost: cost of replacing hundreds of millions of POS terminals and hundreds of millions of plastic cards by snail mail.
Perhaps it was easier in countries with a smaller population and/or fewer merchants because the scale was just smaller.
- Nursie 4y agoI did hear that way-back-when, and that the relative power of the retailers vs the banks and networks was fundamentally different in the US, so it couldn't easily be imposed.