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There is a large amount of physical magnetic card readers. Maybe that is the hold up, who will pay for the new technology. Instead of chip-and-pin there are al
by amalag 13y ago
There is a large amount of physical magnetic card readers. Maybe that is the hold up, who will pay for the new technology.
Instead of chip-and-pin there are alternatives which create one-time numbers through the magnetic strip. I think those should be put into place.
- cbhl 13y agoHmm, I suspect that might break flows at Hotels and Airlines, as well as at any merchant that batches up your purchases before sending them to the payment processor.
- amalag 13y agoA minimal amount of extra code. The one-time number generated by the magnetic strip would reserve the transaction for the later batch flow. There is anyway the hold functionality, it would have to be amended. Everyone uses batch processing.