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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Chung Sung-Jun
Automatic TRANSCRIPT This transcript was automatically generated by AudioBurst technologies

I'm Geffen this is tech trends many banks are now adopting these smart card technology that has been in place in Europe sense about nineteen ninety two stake in that long begin around two in the problem is at users different technology then piece white on the magnetic strip that you've got on the back but that is changing by thee ended this year most of the credit card you have should've been replaced with one that hasn't electronic chip-in end the way you buy things isn't going to change that much either you inserted card into a reader it a holds the card until you injured your pin number or you're signature now There's always gonna be some intra present people out there looking to rip you off in France their credit card fraud risk up by more than eighty percent since these chips introduction back in nineteen ninety two were a little mind the times but were catching up there go that's Tech trends today Goodluck out that's exactly right seventy seven WABC com.