A card who's time has come

For several years I've been watching and trying to make a case to a much more conservative business establishment that "smart-cards" are coming and it's time to get a good seat on the train. Been hard to do due to technological ambiguity, costs, etc., etc. So, it's heartening to see that the credit card guys are no longer just experimenting over here (in Europe chipped credit cards are now passe), as this TorStar piece points out: Credit fraud has moved from petty to high-tech. Here's the snip for why the move:

Advances have been made over the years, such as adding magnetic stripes and holographic images to cards to make them tougher to copy.

But one by one, those security devices have been compromised by sophisticated criminals able to find cheap ways to mimic such features, and card companies have had to look for new ways to fight fraud.

The next step, Fry says, will be computer chips in cards and personal identification numbers similar to those already used for debit and banking cards.

All aboard!!

Posted by Grayson at September 23, 2004 08:14 AM