Saturday, September 29, 2012

Magnet Stripes vs "Smart Cards" - Time to upgrade our Technology

CITIBANK sent me a text alert about fraud on my credit card. Sure enough someone in India tried to process a $45.32 payment. It is the SECOND time this has happened in the past 2-3 weeks. EUROPE uses a "Smart Card" that is superior to our easily scammed magnetic strips. Apparently Citibank is starting to SLOWLY get "Smart" cards issues....

Be on alert! They think it could be a device that someone put in a gas station I use regularly. It's small enough that the operator wouldn't notice it....restaurants are another source.
 Come on America, it is time to UPGRADE OUR TECHNOLOGY...

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