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In theory, this could enable one time use magnetic stripe data, which would solve many security problems. I could get this instead of waiting until all merchan
by jcampbell1 12y ago
In theory, this could enable one time use magnetic stripe data, which would solve many security problems. I could get this instead of waiting until all merchants support chip and pin (which is never going to happen in the US).
- dkuntz2 12y agoCredit card companies could incentivize merchants to do so by offering better rates on chip and pin, or by only offering worse rates without it the next time a contract is renewed.
- tetrep 12y ago>I could get this instead of waiting until all merchants support chip and pin (which is never going to happen in the US). It's going to be supported unless the merchant is happy eating fraudulent charges, which will make them a hotspot for people committing fraud. There's various dates for when that liability kicks in[1]. General trend is 2015 for PoS and 2017 for gas station pumps. [1]: http://en.wikipedia.org/wiki/EMV#United_States http://en.wikipedia.org/wiki/EMV#United_States