Billions of credit cards daily circulations in the United States, but only a small part of them are similar to those achieved with CPI Card Group in Colorado. They have computer chip stores information about the user. Unlike magnetic stripe cards on most of the personal information is kept back details of the chips are encoded with codes that change when the card is scanned.
Therefore, if a scam to get hold of cardholder Date, They cannot duplicate the authenticity of the date which is dynamic and changes in each transaction, the company's CEO, Steve Montross said.
Smart cards are widely used in Europe, Canada and Latin America. They are just in the U.S., almost half of all credit card Where fraud going on landmarks. The chip is very different, said Tim Murphy of MasterCard." It's like moving from lane 8 track in MP3 player. “
MasterCard together with Visa, Discover, American Express and others to try to make the technology standard in the United States.
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