26 Sep '15, 3pm

Banks Introduce EMV-chipped Credit Cards To Keep Bitcoin At Bay - Inside Bitcoins

Banks Introduce EMV-chipped Credit Cards To Keep Bitcoin At Bay - Inside Bitcoins

Credit cards are one of the most common payment methods around the world, yet they are also one of the least secure forms of payment. There is no other payment method in history suffering from such a high rate of fraud and chargebacks, as these cards were never intended to be used for online payments. Several banks have issued a new version of their credit cards, which should make them more secure. Also read: 20 GBP Note Goes Polymer, Competitors Embrace Blockchain Technology The EMV Microchip In Your Credit Card Whenever someone holds up a credit card, there will be a plastic-looking chip on the left side of the card. This chip is designed to be read by credit card processing terminals all over the world, to make the payment system more convenient and streamlined. Many people believe this chip holds all of the card owner’s sensitive information, but that is not the case. ...

Full article: http://insidebitcoins.com/news/banks-introduce-emv-chippe...

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