Interestingly, the US hasn’t adopted EMV chips to the same extent as the rest of the world. These are typically authenticated using a PIN, but biometric fingerprint authentication is also emerging as a more secure alternative. Nowadays, 86 percent of in-person card transactions globally use EMV chips. But in the 1990s the global EMV chip standard was introduced, which paved the way for cardholder details to be held more securely on small integrated circuit chips embedded into cards. Magnetic stripes were a huge improvement over the flatbed imprinting machines (aka “knuckle-busters”) that cashiers used to have to use to record card details. ![]() ![]() The magnetic stripe was invented in the 1960s
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |