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.
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.
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
ROM or "read-only memory" cannot be altered. Once a ROM chip or other ROM media is created, it cannot be changed by user-accessable means and is therefore inflexible.
Phototransistors have several important advantages that separate them from other optical sensors. For example, phototransistors produce a higher current than photodiodes while also being able to produce a voltage, something that photoresistors cannot do. Phototransistors are very fast and are capable of providing nearly instantaneous output. Phototransistors are relatively inexpensive, simple, and small enough to fit several of them onto a single integrated computer chip.
it's a motherboard sound chip.
no lol
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.
Being able to reset a chip remotely is the biggest advantage of using a chip resetter. Another advantage to using a chip resetter would be that it helps reduce fraud.
it is a machine in which the pin or chip is read. hope it was helpful.
they chip lol
Security
chip reader
Perhaps a bad chip or reader if so equipped
nothing
. advantages- Easy to clean and allows more accuracy disadvantage's- on a mobile its not the most durable material and can easily crack, chip and even smash you wouldn't be able to see a thing other than maybe a little colour :/
1) They are expensive 2) They can be tempremental 3) They can break easily, as they are small and fragile
No, the chip must be brought close to a reader.