This month's Metro quotes Kevin Poulsen, who discusses the most pressing credit card issue of our time:
"The financial institutions made a decision that the cost of fraud is acceptable. They decided against replacing the magnetic strip with a chip and a PIN because it would be too expensive."
If you go to Europe, most credit cards have the superior chip-based technology. If you're an American, you ought to be upset--your American credit card companies are treating Europeans better than you.
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1 comment:
I'd be upset at that, but the fact is my European friends and relatives have more money than I do, so I expect the credit card companies to treat them better.
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