Originally Posted by
Ralph Lindberg
Both PayPal and Square (and I assume all the other firms) are getting ready to move to the "Pin&Chip" cards that are starting to come out. Both PayPal and Square have readers for the new cards out, just not common in the US, probably until later this year.
Pin and Chip has been in use for several years in Europe and is more secure. Chipped cards still have the stripe, but Europeans fuss when they have to swipe a card as they know info can be stolen from the terminal more easily. My bank had to replace my Debit card becasue I used it at Home Depot's 'self-service' registers and they had been hacked. As I understand it, with Pin&Chip there would have been no account data stored locally, just a transaction ID.
Retired - when every day is Saturday (unless it's Sunday).
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