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Real, chips on cards Do you know what it actually means? Only contactless It offers no payment benefits! Chips on credit cards are used to increase the security
Real, chips on cards Do you know what it actually means?
Only contactless It offers no payment benefits!
These chips”EMV chipThey are known as ” (comprising the initials of Europay, MasterCard and Visa) and are designed to be more secure than traditional cards. This technology, first used in France in the 1980s, was a measure against fraud.
Of course, it later became a technology that spread all over the world. Especially the one who has now become an arm and a leg to all of us.contactless paymentoption is made possible by chips.
magnetic strips, chips for storing fixed information; It generates a unique encryption code for every transaction. This makes it more reliable as it makes it more difficult for card information to be stolen and fraudulent transactions to be made.
Chip cards,”chip-and-PIN codeor “chip-and-signature” creates unique data during transactions. This way it becomes difficult to copy card information when a transaction is made.
Furthermore, because dynamic data is used for each transaction, this data is valid for a single transaction. This way to fraud We do not become victims.
this too bad internet connection It makes it possible to carry out transactions in regions where it is present or completely absent. So as you can see, it provides us with a more reliable system instead of magnetic stripe credit cards.
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Source: Web Tekno
Alice Smith is a seasoned journalist and writer for Div Bracket. She has a keen sense of what’s important and is always on top of the latest trends. Alice provides in-depth coverage of the most talked-about news stories, delivering insightful and thought-provoking articles that keep her readers informed and engaged.
