The "chips" on the new credit cards are a joke. Here is a bit of reality concerning those chips. The technology is at least 25 years old. It is used in several places other then credit cards that I know of. I have a scanner for automotive computers. It uses "smart cards" to validate and unlock the software. Same identical chip on it. Scanner dates back to the late 1980s. When I had satellite TV, my receiver had a "smart card" needed to activate and use the receiver. I first got satellite TV around 1998. Cable TV boxes use the same technology. Last but not least. At state prisons in PA, visitors can purchase food from vending machines during visits in the visitor area. Since inmates are not allowed to possess currency, and visitors are not allowed to bring in currency, they use a card system to dispense food from the machines. First, you insert the card into a machine and then insert currency. The machine adds your deposit of currency to the value of the card. Then, when making purchases, each vending machine will deduct the amount of the purchase from your card.
My first point is that this is an old and common technology. My second point is that the technology exists to read and write these chips economically. My third point is that the bankers in their infinite "wisdom" (NOT) have succeeded in making credit cards even easier to duplicate and forge than they were before this great "breakthrough."
Do I sound a bit sarcastic?? Disgusted is a better word. Instead of making cards more secure, they have only made them more difficult to use and easier to duplicate.
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Today's Featured Article - Tractor Implements and Their Use - by Curtis Von Fange. Dad was raised during the depression years of the thirties. As a kid he worked part time on a farm in Kansas doing many of the manual chores. Some of the more successful farmers of that day had a new time saving device called a tractor. It increased the farm productivity and, in general, made life easier because more work could be done with this 'mechanical beast'. My dad dreamed that some day he would have his own tractor with every implement he could get. When he reached his early sixties
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