snip~
The next debit card you get will probably have a little golden chip in it, and that's a good thing.

The chip will make it much less likely that someone can counterfeit your debit card and go on a shopping spree, so you won't have to spend any time calling your bank and arguing with them about who bought that stuff, or waiting for the bank to refund your money.

snip~
'Liability shift' coming

A deadline is rapidly approaching called the "liability shift." On Oct. 1, 2015, MasterCard will reprogram its computers to change the way it handles who pays for fraud to encourage EMV chip adoption

more @
http://www.bankrate.com/financing/banking/your-debit-card-will-get-a-chip-soon/?ec_id=cmct_03_comm_PF_mainlink

That really nice i have heard so far... I am not sure but i have heard of this technology from my London friends... May be i am wrong but i have heard similar kind....
Anyways Take care..

Quote from: sensualblighter on October 20, 2014, 11:46:27 PM
That really nice i have heard so far... I am not sure but i have heard of this technology from my London friends... May be i am wrong but i have heard similar kind....
Anyways Take care..

It's been around for sometime, there just pushing it now.

How is this supposed to stop Internet fraud? If someone has my number, no amount of security is going to stop the fraud.

Quote from: Solar on October 21, 2014, 06:42:10 AM
How is this supposed to stop Internet fraud? If someone has my number, no amount of security is going to stop the fraud.

You know it and I know it.  But it makes the banks feel good.  Down the line they will start charging you for the chip and use of the card.  They will have a foot in the door.