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The golden age of credit card fraud is drawing to a close

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Both magstripe and chip/pin (Score: 1)

by eviljim@pipedot.org on 2014-09-29 02:48 (#2T05)

Here in New Zealand we've had the Chip 'n pin for a while, our POS terminals handle both magstripe for Eftpos/older credit cards and the chip. there's even circumstances where you can use the magstripe on the chip/pin card. I received notification the other day that my bank was replacing my eftpos card with a chip/pin debit card so will use both magstripe or chip and I can shop online with my own money... not too sure if I'm cool with that. I dont like the idea of the NFC (paywave) part of the card, going to line my wallet with tinfoil (real tin, never trust the aluminium junk!) when it arrives... if someone doesn't steal it from my mailbox first.

Re: Both magstripe and chip/pin (Score: 1)

by Anonymous Coward on 2014-09-29 14:29 (#2T0G)

Wow, I thought contactless payment was dead. It's almost never used in the US, so they don't issue many cards with it anymore. There are quite a few wallets out there with shielding built in if you want to be paranoid without the crazy looks. Search for "RFID Wallet".

Moderation

Time Reason Points Voter
2014-10-02 22:27 Underrated +1 scotch@pipedot.org

Junk Status

Marked as [Not Junk] by bryan@pipedot.org on 2015-01-02 05:36