How the New Credit Card Chip Technology Will Support ID Theft

Posted by wpadmin | Posted in Automotive Financing | Posted on 08-02-2016

Tagged Under : , , , , , , , , , , , , ,

facebooktwittergoogle_plusredditpinterestlinkedintumblrmail

Share

facebookgoogle_pluslinkedin

Follow Us

Businesses have to be keen on this new development in the financial stratosphere when you’re thinking about it, for plenty of reasons. Aside from the fact that the transition to credit card chip technology will incorporate a nationwide spread of new card-reading machines (more investment for businesses, unfortunately), there’s one other subject companies everywhere would love to learn more about: identity theft.

Will This New Credit Card Chip Technology Protect More?

Good question. This doesn’t just revolve around the consumer, but the business. Ever lend your business credit card to the intern? Not a smart move…. You can imagine just how important it is to ensure that credit card fraud never steps foot into your business, and the concept of someone stealing somebody’s information — either customer, client, or business — is earth-shattering at best.

However, the computer chip raises a beautiful question. Hackers don’t care. A chip can be hacked into. credit card chip technology-1But everyone’s saying that this new credit card chip technology’s going to change the landscape as far as credit card fraud and ID theft is concerned (it’s already happening a ton overseas where EMV’s been changing the way people spend money).

Here’s why credit card chip technology will make things better — the main problem with the magnetic strip credit card is the fact that the strip holds all the data and it never changes. That means if anyone ever gets a hold of your one little strip (they don’t even need to steal the card) and copies it (that’s really all they need to do), you can go about your life still having your card (no one stole it!) while some ID thief runs around with a copycat card, spending all your money.

That magnetic strip is a prime target for ID theft.

What the computer chip-enabled card does, however, is allow the user to swipe it, have the machine read it; and the chip itself develops a unique ‘transaction code’ that can never be used again. It, therefore, means, you can buy 15 separate candy bars, the card will read it 15 separate times, and each time will be virtually unique from every other time.

Not one thief would be able to steal your information. Each transaction is encoded through the chip and never gets stored anywhere. It’s processed and then dies a lovely death in cyberspace, basically. Therefore, your information can’t ever be pulled from the card.

Of Course, These ID Thieves Are Resourceful!

The hope is the new credit card chip technology will change the way credit card fraud happens. As in never. But the problem with ID theft is there’s always a way. It’s like that bad penny always turning up. The good news is that this new development will certainly make it easier for Ultimate Identity Protection and other partners to do what they do best. Protect your identity.

Visit our Google+ page. Sign up today! And be on the lookout for your new computer chip-enabled credit card.

 

 

facebooktwittergoogle_plusredditpinterestlinkedintumblrmail

Share

facebookgoogle_pluslinkedin

Follow Us

The post How the New Credit Card Chip Technology Will Support ID Theft appeared first on Ultimate Identity Protection Services.

The post How the New Credit Card Chip Technology Will Support ID Theft appeared first on Independent Credit Solutions.

Credit Card Chip Technology: It’s Going to Take Awhile

Posted by wpadmin | Posted in Automotive Financing | Posted on 08-02-2016

Tagged Under : , , , , , , , , , , , , , , , , ,

As seen here, the expectation is people may be wary about the whole credit card switch thing from magnetized strip to tiny computer chip (especially with credit card fraud always being a problem) despite these three reasons why we shouldn’t be scared. We’re protective over our plastic! However, fear not: this isn’t a change that’s […]

The post Credit Card Chip Technology: It’s Going to Take Awhile appeared first on THE INCOME TAX PLANNING NETWORK.

The post Credit Card Chip Technology: It’s Going to Take Awhile appeared first on Independent Credit Solutions.

Now We’re Really Back to the Future With the Lexus Hoverboard

Posted by wpadmin | Posted in Automotive Technology | Posted on 29-06-2015

Tagged Under : , , , , , , , , , , , , , , ,

Get your vest and self-adjusting sneakers on, because the future’s here, apparently. This could very easily be a “Back to the Future” affair, although Lexus remains tame on this concept, a real concept that actually works as shown here in this video:


This is for real: it’s a real Lexus hoverboard. Yes, a hoverboard. Made by one of the biggest automobile manufacturers on the planet. Or the universe, for that matter.

Now You’re Probably Wondering How This Lexus Hoverboard Actually Lexus hoverboard Back to the FutureWorks

No, aliens have not descended onto us like the upcoming Independence Day sequel (minus Mr. Will Smith, sadly, so there won’t be any close encounters). Rather, the Lexus hoverboard really does revolve around pure science without the fiction, operating on what Lexus terms as “magnetic levitation with liquid nitrogen-cooled superconductors and permanent magnets. Sure. We get it, totally.

Basically, that just means it works. We can try to understand the science, but we’d obviously need to get into some education and a degree in science only Neil deGrasse Tyson would approve of.

What’s shocking, though, is the fact that the Lexus hoverboard isn’t the first functioning prototype at all in the past. The Lexus hoverboard, however, can work on concrete according to that teaser video. And there are no special effect tricks here. You’re seeing a Lexus hoverboard that’s literally hovering, and movable as if you’re escaping thugs in Hill Valley.

So When Can We See  This Lexus Hoverboard??

As I write this, the hoverboard prototype is, in fact, being tested in Barcelona, Spain. And it brings in floods of imagination and dreams about the possibility that we could have hovering speeder cars like in Star Wars very soon. It could very well be possible as far as automotive innovation and technology is concerned. However, don’t look for this happening any time soon, as the Lexus hoverboard won’t be for sale…. Yet.

Support our Sponsors

[pmpro_invoice]

[cardoza_facebook_like_box]