I have a company issued card I use in EMEA all the time.... it is great. I wish
the US would get its act together and leverage this technology.
The problem isn't a lack of technology, it's in actions of people. No
matter what chips cards have or how secure some given measure is, people will
get around it.In the mean time, it's really easier to be smart
and diligent with non-chipped card use and to keep a small amount of paper money
Disabling the chip is not recommended because then the NSA has a harder time
The chip has nothing to do with NSA tracking you. It simply means that if
someone has your card number, but doesn't have access to your chip can not
use your card. You have a pin and that is how your authenticate the
transaction. You have to have all three.Our system, all you need
is the card number. Fake the signature, and your good to go. With the chip you
need your pin, and the card has to send an encrypted pass code for it to work.
There isn't even a need to have your card number on your card anymore.
"smart and diligent with non-chipped" ... how do you do
that? How do you make sure Target, eBay, or whom ever does accidently release
your number. How do you keep your server from jotting down your number - now
that they have a copy of your signature and the code from the back of your card?