Quote:
Originally posted by Anthony@Oct 18 2003, 03:43 PM
Verified by Visa... A PIN is attached to your Visa Card, to be used in merchants, and hopefully soon on the Internet.
It's available now in Canada. I wonder how long in the US?!
Has anyone heard of this?
|
This has been in use in shops etc in many european countries for a long time now (france, norway etc). You put your card (one with a smartcard chip) into the machine and type your PIN number in.
It's designed to stop "skimming", where the person at the checkout swipes your card through a little box that copies the magnetic stripe info into memory so you can make an exact clone of the card.
I't will be interesting when someone modifies the terminals to copy the card and record the PIN
As far as i know it's the same PIN you use at ATMs to get cash out. Maybe it isn't though.. highly stupid if it is.