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If you look at how they were actually deployed in Europe, you'll realize that it's not much different over there. "Chip and Pin" is if anything worse than no en
by GauntletWizard 14y ago
If you look at how they were actually deployed in Europe, you'll realize that it's not much different over there. "Chip and Pin" is if anything worse than no encryption, because it gives the illusion of security. I don't know about the situation in Asia.
- lisper 14y agoIt's far from clear that chip-and-pin has been the unmitigated disaster you imply it to be. You're right that chip-and-pin has problems, but those are design and deployment problems, not problems with PKE in general.
- pbreit 14y ago"design and deployment problems" pretty much imply problems with the solution itself.
- pimentel 14y agoThe difference is that, using public-private key cryptography, an evil merchant can't, in any way, copy my european card. I can be sure that my CC number will not be stored.
- ricardobeat 14y agoHow so? I'm not fond of the liability shift to the merchant/consumer, but the bar for technical fraud is much, much higher than for stripe cards.