An earlier story explores the introduction of chip cards and PINs to the UK market.
So how does it work? There are two elements involved in making card transactions secure. The first is to ensure that the card is genuine; the second that the person presenting the card is the true owner. The chip does the former and PIN does the latter. The chip protects your card from the counterfeit, skimming or cloning fraudster, whilst the PIN prevents someone using your card if it’s lost, stolen or intercepted in the post.
More more information on the MasterCard SideCard, click here.
According to Coinstar research, the average individual has an estimated $99 in change collected in jars, cups, piggy banks and/or collecting dust under rugs, cushions and furniture. That same individual adds an additional $5.50 in change to a "container" each week. By transferring your coins into a Starbucks Card, you can treat yourself or someone you know to a delicious Starbucks experience.
Philip Yen, Visa International executive vice president and general manager, said yesterday that most of Thailand’s acquiring banks were now ready to accept Europay-MasterCard-Visa (EMV) chip-card transactions.