Ed Pawlowski wrote:
> On 1/6/2016 3:58 AM, sf wrote:
>> On Tue, 5 Jan 2016 21:59:56 -0500, Ed Pawlowski > wrote:
>>
>>> The RFID chips are being phased out for security reasons. The new chip
>>> cards have to be inserted if the equipment is available, swiped in the
>>> meantime.
>>
>> I still don't understand how the new chipped cards are any safer than
>> the old style swipe.
>>
>
> They encode the transaction with a single use number and the card
> information cannot be duplicated the way a swipe card can be. See below:
>
> 1. Why are EMV cards more secure than traditional cards?
>
> It's that small, metallic square you'll see on new cards. That's a
> computer chip, and it's what sets apart the new generation of cards.
>
> The magnetic stripes on traditional credit and debit cards store contain
> unchanging data. Whoever accesses that data gains the sensitive card and
> cardholder information necessary to make purchases. That makes
> traditional cards prime targets for counterfeiters, who convert stolen
> card data to cash.
>
>
> "If someone copies a mag stripe, they can easily replicate that data
> over and over again because it doesn't change," says Dave Witts,
> president of U.S. payment systems for Creditcall, a payment gateway and
> EMV software developer.
>
> Unlike magnetic-stripe cards, every time an EMV card is used for
> payment, the card chip creates a unique transaction code that cannot be
> used again.
>
> If a hacker stole the chip information from one specific point of sale,
> typical card duplication would never work "because the stolen
> transaction number created in that instance wouldn't be usable again and
> the card would just get denied," Witts says.
>
> EMV technology will not prevent data breaches from occurring, but it
> will make it much harder for criminals to successfully profit from what
> they steal.
>
>
>
> Read mo
> http://www.creditcards.com/credit-ca...#ixzz3wV6U4Lry
>
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It's a nice step up from rolling code garage door opener technology.