Magnetic stripes are the most hilarious thing ever, but still work almost everywhere on the globe.
I am amazed that magnetic stripes are still the norm for credit cards in the US. Europe has managed to move all but completely to chip-based cards, but the US hasn't.
Does the cost of fraud due to magnetic stripes outweigh the cost to upgrade the entire US system, or is the market just too fragmented to coordinate such a transition?
I am amazed that magnetic stripes are still the norm for credit cards in the US. Europe has managed to move all but completely to chip-based cards, but the US hasn't.
Does the cost of fraud due to magnetic stripes outweigh the cost to upgrade the entire US system, or is the market just too fragmented to coordinate such a transition?