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Opinion

In our opinion: Moving to a more secure, digital chip-based credit card could help alleviate fraud

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  • happy2bhere clearfield, UT
    June 5, 2014 7:52 a.m.

    And to add to the security issue, how about ID cards, state or national, with secure chips that would help deal with the illegal population and jobs.

  • lost in DC West Jordan, UT
    June 3, 2014 12:42 p.m.

    the Target breach was not caused by the strip cards vs chip cards, it came AFTER the data was transfered to the POS (Point of Sale) device from the card.

    if you want to make an argument, don't abse it on falsehoods that chip cards would have prevented the breach.

    Why did you not post this comment yesterday when I first made it? what part of your policy does it violate? Did you not understand the Point of Sale acronym?

  • ordinaryfolks seattle, WA
    June 2, 2014 10:56 p.m.

    The only reason we don't have chipped cards, like the rest of the western democracies in the world is that our bankers don't want to spend the money to convert our current systems and equipment to one compatible with chipped cards.

    It's all about the money. Fraud and theft are cheaper to banks than changing software and equipment.

    And this is the banking system we bailed out in 2008, after the stinkers dug themselves a hole so big they were about to go belly up. Now, banks and bankers are generating great profit, we have all forgotten or forgiven them for their past misdeeds. They got huge $ from the feds, and continue to make all the rules for themselves.

    Yup, good as chipped cards may be, it won't happen unless the fraud gets too expensive, or the feds make 'em do it. It is all about the money.

  • Hutterite American Fork, UT
    June 2, 2014 2:33 p.m.

    Chip cards, which I have, are more convenient and faster when the system is in place to use them.

  • JoeCapitalist2 Orem, UT
    June 2, 2014 11:54 a.m.

    There is no reason why we can't have a system that easily generates transaction codes that cannot be re-used. We need a system where you can generate a unique identifier that is only good for the transaction being processed. That way, you don't care who steals it, since it can't be used to buy stuff somewhere else.

    Things like SS# and credit card numbers should not be items that can be misused if they fall into the wrong hands. Since data breaches happen all the time, we have to assume that someone will get that information. If the information is worthless to whoever steals it, then they wouldn't try so hard to get it.

    Imagine if someone could wreck your credit rating if all they knew was your full name. We assume that a person's full name is public information so just knowing a name will not let you buy a car. The same should be true of other types of information.

  • Twin Lights Louisville, KY
    June 2, 2014 11:25 a.m.

    LDS Liberal,

    Too funny.

  • LDS Liberal Farmington, UT
    June 2, 2014 7:44 a.m.

    In your opinion:

    Why not just support RFID chip implants,
    With the coded number of the "Beast" on it,
    So your information will remain 100% secure and never lost or stolen,

    And while we are at it,
    Allows "the Beast" to determine who can buy and who can sell...