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 - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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