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Moneywise

A chip on the old card: Americans will soon see a new patch of technology on their familiar charge cards

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  • samhill Salt Lake City, UT
    June 30, 2014 9:15 p.m.

    Nice step in the right direction.

    My hope is we'll continue and develop biometric IDs to the point where that is all we need to engage with the various elements of society that now require positive Identification.

    The technology has existed for at least a decade and has only improved over that time. No more worry about disclosing one's SS driver's license numbers. No more passwords or security questions. No more reliance on something as variable and forgeable as a signature. Just be yourself, and prove it with any one of several unique, biometric methods that ONLY YOU posses.

    I hope it happens sooner rather than later.

  • UtahBlueDevil Durham, NC
    June 30, 2014 1:39 p.m.

    Cleetorn - you saw this... against your own data? If true, that "walk by" demonstration is very impressive since any data on the card is encrypted and it was able to authenticate a connection.

    No solution is perfect.... but a chipped card is by far more secure than "standard" cards. Some security is far better than so security, which any server in a restaurant can compromise a credit card with paper and pencil. It is about time we did more than we have been.

  • Cleetorn Fuaamotu, Tonga
    June 30, 2014 1:25 p.m.

    And the technology to subvert this "innovation" already exists. I participated in a demonstration at a local mall wherein a "perpetrator" used a small electronic device inside a briefcase to scan my smartcard RIGHT IN MY WALLET and glean all my personal information including ALL accounts I currentlY use from both banks to bills to stores to gasoline purchses and beyond. It was quite impressive - and more than just a little unnerving. I have since gotten rid of my chipped cards and have advised others to follow suit.
    Unless the technology has vastly improved, the only difference I can see is that info can be stolen one at a time rather than 110 million at a time. Not much consolation when my balances start to skyrocket.

  • Hutterite American Fork, UT
    June 30, 2014 1:08 p.m.

    The US is years behind in implementing this technology.

  • Johnny Triumph American Fork, UT
    June 30, 2014 1:08 p.m.

    It's about time we caught up to the rest of the world in credit card security. I've had a chip card here in the US for about the past year and I'm amazed that some machines can't handle the technology.