Source: The Hill
quote: None of the smart cards can prevent the theft of using it online
quote: ...what about online purchases, which is pretty much the way all credit card fraud happens?
quote: Your phone doesn't have a microSD port? Then you bought the wrong kind of phone.
quote: You only have to remove the smart card from your phone if you're really paranoid.
quote: Although it would be really funny seeing all iThing owners incapable of making online purchases.
quote: The banks have been rolling these out for the past 5 years in Canada
quote: What's so hard about that?
quote: I don't think you understand the concept.
quote: The problem in this case isn't that the credit cards are insecure, in and of themselves - it's that Target stored as$loads of customer data, along with credit card data, and then got hacked and gave all that data away.
quote: Which has nothing to do with the cards - smart or otherwise.
quote: If the vendors explain it is more secure, most people would have no problem getting one
quote: What is with you people constantly ignoring the one and only argument I'm making, which is that the smart card chip is USELESS for online purchases?
quote: Then lets come up with a solution for online purchases. Either a USB reader for your computer to check the smart card, or you have to log into your credit cards web site and request a single use number.
quote: How often do people need to purchase online while on the go?
quote: It's not short sided at all - it's based on observable data. Target has had a breach, other retailers have not.
quote: the U.S. needs to embrace the new technology together.