Answer by Joe for Isn't the security of credit cards with chip worse than...
Chip and Signature cards do not substantially alter the paradigm you mention in your question. The chip alters how the machine obtains your account number and transmits it for authentication, but it...
View ArticleAnswer by John for Isn't the security of credit cards with chip worse than...
One of the main advantages is that duplication from a few sources is no longer a vector. The two big examples, the lesser first, card skimming and breaches like Target's. The chip essentially generates...
View ArticleAnswer by quid for Isn't the security of credit cards with chip worse than...
I don't have much to add other than your signature is not required to process a charge. Signatures are kept on file for validity in the event you dispute a charge. Your signature isn't held in some...
View ArticleAnswer by BrenBarn for Isn't the security of credit cards with chip worse...
One advantage of the chip cards is that the card information needed to make purchases can't be easily skimmed or "stolen". Another is that it is more difficult to create a fake physical card. These...
View ArticleIsn't the security of credit cards with chip worse than with signature?
(I'd expect this question to be duplicate, but couldn't find any that matches the point)It seems to me that the security of credit card transactions got worse by the switch from signing to chip usage....
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