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How does chip technology increase make transactions safer?
How does chip technology increase make transactions safer?
1 Answer
- John RLv 74 years ago
The data on the card can not be retrieved by a simple swipe and then recorded to a fake card. It's very difficult to duplicate the encrypted data on the chip.
The magnetic stripe is basicly the same as old fashioned audio cassette tape. Just like you could copy one cassette to another, you can copy that stripe data to another location.
