0
1. It is difficult to copy
2. Large amount of data can be stored in comparison to magnetic stripe
3. The card will not be affected by any magnetic field
4. Even when the card is stolen, the thief still needs the PIN, so it is much safer
Wiki User
∙ 13y ago
Wiki User
∙ 13y agoIt is more secure. Older cards have a magnetic strip along with the card-holders signature on the back. Apart from the fact that a little practice will let someone copy the signature, the strip can be 'cloned'
With chip & PIN, the electronic chip has the card-holders details on it. Only the card-holder should know the PIN - The PIN is stored in a central database NOT on the card therefore the card is more secure. Once chip & PIN is adopted world-wide there will be no need for the card to show the owners signature.
Add your answer:
Earn +20 pts
What are advantages and disadvantages of chip readers and PIN pads?
Advantage: You need both the chip and the PIN to make successful transactions in store. Disadvantage: Cards are easily cloned, and people can be careless when using their PIN.
What are the advantages and disadvantages of using a chip reader?
According to the feedback from my credit institution, they found out that either method (swipe vs chip reader) are equally prone to theft. So the great idea didn't work against the crooks.
Which credit card companies offer the chip and pin technology in the United States?
Chip and pin technology is the new way many credit card companies in the United States is offering. Banks such as Bank of America, and Capital One both offer credit cards with this technology.
What kind of chip is it8712f-a?
it's a motherboard sound chip.
Where is bios chip located?
The BIOS chip is located on the motherboard
Advantages and disadvantages of 'chip and pin'?
no lol
What is a chip reader?
it is a machine in which the pin or chip is read. hope it was helpful.
What are advantages and disadvantages of chip readers and PIN pads?
Advantage: You need both the chip and the PIN to make successful transactions in store. Disadvantage: Cards are easily cloned, and people can be careless when using their PIN.
What are the advantages and disadvantages of using a chip reader?
According to the feedback from my credit institution, they found out that either method (swipe vs chip reader) are equally prone to theft. So the great idea didn't work against the crooks.
What data is output in a monitor in a supermarket?
Barcode Scanner. Touch Screen. Chip and Pin Device. Magnetic Strip Reader. Keypad. Keyboard.
Is a chip and PIN an input or output device?
Input! x
What are disadvantages of a chip and pin device?
Security
What is the purpose of Chip and PIN?
The purpose of Chip and PIN is to help credit or debit card transactions to be handled smoothly. Under this technology, the card is "swiped" through a magnetic reader, reading the magnetic strip on the card, or the clerk makes an imprint from the raised text of the card. After either process is completed, the clerk verifies the customer's signature with the signature on the back of the card.
What are chip and pin machines used for?
The simplest system - is on your ATM card. When you insert your card into an ATM - the system reads the data stored on the chip. It then matches that data with the central computer - so it knows what PIN should be entered. If you enter the correct PIN, you can proceed to withdraw cash - if the PIN is wrong - you get another two attempts, before the machine retains your card. Using a chip & PIN card in a shop to buy goods - the system is the same as an ATM. The difference is - if you fail to enter the correct PIN three times, the system simply disables your card - and you have to order a new one !
What is the maximum number of inputs you could have on say an OR gate If it were a 16 pin chip could you have 14 pin inputs one Vcc and on GND?
You need an output pin as well, so in the example of the 16 pin chip, you could have 13 inputs.
What is the price for a credit card hyperterminal?
There are several online companies offering a free download for a credit card hyperterminal. The cost for the chip and pin reader to go with the download, seems to be in the region of å£89.
What is function of server?
In DDR1 the Chip is in Rectangle shape and DDR2 the Chip Shape is in Square and DDR2 is Chip smaller than DDR1.DDR1 is centre cutting 7.5cm.DDR2 is centre cutting 7cm.DDR1 pin 92. DD2 pin 122.DDR1 pin is larger than DDR2.
