Replies to post #137656 on Intel Corp (INTC)

[Golfbum]

I'm looking forward to something better than just swipes. Spent most of today changing all my autopays for my newly issued Chase card thanks to the HD exploit.

BTW, Chase didn't give me a choice.

Chip and PIN will be an improvement and universal in the USA by early 2016.

gb

[drjohn]

In the meantime, I'll just use my credit cards. Like a caveman.

In Canada and Europe most credit cards and bank cards come with a smart chip, these allow for small transactions eg. less than $50 to be done by touching the card instead of inserting it into a terminal and entering your PIN, the combination of a smart chip and PIN makes it very secure. I have had my Card Hacked /defrauded about 3 times in the last decade, in most cases it happens after I have been on Vacation and had to sign on a paper transaction the old fashion way. Apple wants a piece of the lucrative transaction fee, I am sure that the banks/credit card companies in Canada and Europe will tell apple to take a hike. The banks in the U.S. have been stupid in not quickly implementing a smart chip credit card system this has given apple a small window of opportunity to get a foothold in the U.S.A.; You can make a small argument touch I.D. makes all transactions more secure, I don't think its worth what apple is asking for it. For large purchases a combination of a pin and smart chip is pretty secure. For small purchases taping the credit card is very fast, the bottle neck in the Tim Hortons/Star bucks line is usually caused by the person paying with cash.