Weve had chips on Canadian CCs for many years now. Probably almost a decade at least. -On Friday, President Obama signed an executive order outlining several steps the government will take to better protect Americans from financial fraud and identity theft, which is the countrys fastest-growing crime....The order also mandates that government agencies begin introducing machines that read a new type of credit card that uses an embedded microchip and a PIN code to authorize transactions. Such cards -- known as chip and pin cards -- are supposed to make it much more difficult for hackers to make counterfeit credit cards from stolen card information, and are supposed be widely introduced by credit card companies by October of next year.-
Posted on: Sat, 18 Oct 2014 01:14:10 +0000
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