- Joined
- Jun 4, 2012
- Reaction score
- 19,506
- Age
- 64
- Location
- I'm liek, in Cali, dude.
- Lifestyle
- Vegetarian
Banks and credit card companies are working to make the switch to chipped cards and chip and PIN cards by October 1st of this year. No more magnetic strips. No more swiping. (I think.) Less risk of being caught in a data breach (or data theft.) And if it does happen, the liability will be not on the consumer but on the merchant and/or the card company.
From what I understand, it will change the way Americans pay for stuff.
And coming on the horizon: Paying for stuff with your mobile device. It's a Brave New World!
(You'll still be expected to drop some change into the tip jar, though.)
It will be interesting to see if and how this affects gift cards, which all have magnetic strips.
I suppose this means that those traveling to the US from elsewhere will be able to use chipped cards in the US.
From what I understand, it will change the way Americans pay for stuff.
And coming on the horizon: Paying for stuff with your mobile device. It's a Brave New World!
(You'll still be expected to drop some change into the tip jar, though.)
It will be interesting to see if and how this affects gift cards, which all have magnetic strips.
I suppose this means that those traveling to the US from elsewhere will be able to use chipped cards in the US.
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