Aired 5 years ago on 77WABC Radio 
Finance News

Listen: "By the end of this year most of the credit card you have should've been replaced"

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Win McNamee
Automatic TRANSCRIPT This transcript was automatically generated by AudioBurst technologies

Well there's some good news out there if you're concerned about credit or devant hard fraud I'm gift and this is Tech Trends many Banks are now adopting the smart card technology that has been in place in Europe sense about nineteen ninety two yeah it's taken in that long to get around two in the problem is that uses different technology then beast White on the magnetic stripped that you've got on the back but that is changing by the end of this year most of the credit card you have should've been replaced with one that has an electronic chipped in and the way you buy things isn't going to change that much either you insert to Card into a reader it a holds the cart until you enter your pinned number or your signature now there's always going to be some intra present people out there looking to review off in France their credit card fraud was cut by more than eighty percent since the chips of introduction back in nineteen ninety two were a little minded signs of over catching up their yeah that's Tech Trends today good luck on this.