Uncategorized

The end of Swipe?

The ease of POS purchasing via swipe maybe finished in the US.  With over 40 Million credit cards stolen in recent days, the ability to ensure a transactions is fully secure, has to be the highest priority for all businesses. In Europe, 99% of Credit Cards have a chip embedded into the card to enable a Chip & Pin transaction which prevents the likelihood of fraudulent transactions.  This is worked successfully for many years, with issuing banks and acquirers seeing the focus towards fraud move online. The logistics of small and large businesses changing their current point of sale devices with pure Chip & Pin devices is pretty outlandish, so I think  the trend will move towards Chip & Pin in the future, but for now, the risk is still there

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s