by C. Henry Adams
Years ago (around 1999), when Broadcasting Interest Enterprise, Inc. ("BIE") first studied this Technology, we called these Cards with a Micro Chip in them, 'Smart Cards'.
Why? Well, because that was the name given at the time.
Today, they are called EMV Chip Cards or 'Europay, MasterCard, and Visa' Chip Cards.
Recently, I had the opportunity to utilize one of these cards during two different purchases.
At a particular Computer Store , I plug the chip portion of the EMV Card in a specialized port, then input a PIN Number to pay for an item.
During a 2nd purchase with the same card at a different store, I slid the card in the magnetic card reader, and signed a receipt given by the Merchant.
Perhaps the migration to the new EMV Chips Cards will help protect against ID Theft to a certain degree.
At this point the propagation as to furthering the protection of the Consumer regarding the EMV Chip Card is out.
In my professional opinion, it is a great start and hopefully improved security measures will be built into it over time, we shall see.
Those are my thoughts, so what are yours?
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