quote: and you will see good solutions within a few years.
quote: often having the info stolen on a replacement card before she had a chance to use it for the first time
quote: I don't understand how a person's credit card information can be stolen before they've received it.
quote: Ummmm. It isn't the card companies that are at fault if the merchant cannot secure it's info. There are so many regulations at play regarding how credit cards and merchants must continue with each transactions.
quote: The secure solution likely would involve a proprietary closed-wall device that somehow could not be jail-broken or ROM flashed. Anything short of that is frankly less secure than a "dumb" card in its usage today.
quote: Your fingerprints are pretty easy to obtain, even without your consent or knowledge.
quote: TextIn fact, even if chip cards were in use here, it wouldn’t have prevented Target’s massive data breach, since the data was stolen from Target’s giant database of electronic records, rather than at its point-of-sale terminals. Still, the Target debacle has stirred American consumers’ demand for the more secure chip cards.
quote: Original reports said the breach affected 40 million customers, but it was later found that it was actually 70 million customers.