Schumer’s Double Edged No Swipe Cards

Posted by Peter Brady on Fri 15th December 2006 at 06:00 AM, Filed in Credit NewsUS Credit Cards

New technology often brings with it bugs and security gaps.

No swipe cards are no exception with Senator Charles Schumer saying that they are a “double edged sword”. Schumer went on to say that the new technology is highly convenient but more risky for identity theft.

Approximately 20 million of the new no swipe credit cards, which are being marketed heavily toward New Yorkers, have already been issued.

(Via Postchronicle)

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