Magnetic strips, Chips and PINS, Oh My

chip pinTime was when a credit card was used to make a purchase, the clerk used to have to make an imprint of the card using an unwieldy device that made a copy of it on carbon sheets. Sometimes, the ink from the carbon marked your fingertips, or the clerk’s, but it was the technology of the day and what we had. Furthermore, most purchases were made in-person, unless you were willing to shell out considerable fees for delivery. Read more...

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