Credit cards the next generation
The security issues concerning the chip and pin in credit cards has come under increasing scrutiny by both consumers and industry professionals, so how are they going to address this issue?
The new cards may have its own twelve button keypad that would work with the in bedded microprocessor. The problem with the old system is that it should have been secure, but the banking industry did actually use the cheapest option for the chip and pin and therefore it has been left open to exploitation from criminals.
This particular card system has been developed by Innovative Card Technologies and eMue Technologies and will be unveiled at the Cartes & Identification in Paris this November.
Source [Gizmag]
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Tags: banking_industry, button_keypad, card_technologies, chip_and_pin, Consumer, credit_cards, Funny, Gadgets, Misc, security_issues
