Tag: Smart Cards

Security, Smart Cards5 Comments

6 years is too long for elimination of mag strip debit cards

Colin Henderson

We were just hit today with a case of fraud that affected my family personally, and it just validates my view that the security of our payments networks is a problem being swept under the carpet.  Every day, all banks contact thousands of customers to cancel their debit card because it was or may have been compromised.  This is a well kept secret, and has not made mainstream press yet. In our situation we actually were the card compromised, and I know enough about the card usage to narrow down the location of the compromise which is why this one … Continue reading 6 years is too long for elimination of mag strip debit cards

Smart Cards1 Comment

Consumers still need convincing on smart cards

Colin Henderson

Fewer than half of consumers would  switch to smart cards according to a “survey” by  terminal makers Ingenico. They arrive at the conclusion based on surveying people using the cards. There is an enormous gap between use of cards, and the benefits of the cards.  The simple truth is that people do not associate any benefits with the switch to the smarter cards. Convenience to drive contactless uptake, but consumers still need convincing | finextra Convenience, rather than security, will be the driving force behind the UK adopting new payment methods, according to a survey of 1000 British consumers conducted … Continue reading Consumers still need convincing on smart cards