Credit Cards Version 2

[Tom S.]

Rather than tag along in someone else's hate thread, I figured I should start my own. I got a new card about a month ago. When using it twice in the past few days, I found out it has a new chip embedded in it that requires inserting it into a new type of card reader instead of the old swipe method. That's OK, but in both cases, from there it took a L-O-N-G time to verify the card and approve the purchase. One giant leap backwards in the name of security.

[GrumpyOne]

Hate the new cards all you want now, you will learn to appreciate them. That chip gives every transaction a unique identifier code, which makes it much easier to find where it was used and also makes it much more difficult to copy the card info.

[kneelingatlas]

Your convenience is not a top priority for the CC company because you are not their customer.

[ivan]

Chipped credit cards are the standard in Canada and have been for many years. The lag time after entering the PIN to authorizing is usually in the 4 or 5 second range. If things are slower in your neck of the woods, my guess is that performance will only improve as systems are upgraded.

-ivan-

[Nathanb]

And it doesn't matter because it still leaves the biggest avenue of breach. Most cards are not stolen from skimming