> Why are they more secure?
On a mag-stripe card, the data is right there, unencrypted for anyone to read
and,
if they so desire, clone.
The chip is not just data; it is a processor. All data exchanged between the
card (ie. the chip) and the terminal is encrypted.
There's obviously a lot more to it than that but, right from that basic level,
the chip is inherently more secure that the stripe. I don't need Interac to
tell me that.
> Date: Thu, 7 Jan 2010 18:36:37 +0000
> From: eamacn...@yahoo.ca
> Subject: Re: Korean bank Moves back to Mainframes (...no, not back)
> To: IBM-MAIN@bama.ua.edu
>
> >That's the point of (EMV) "chip" cards. >They are inherently more secure.
>
> Why are they more secure?
> INTERAC Canada has been telling us that they are.
> So far, on their web-site, the proof presented has been: "They are more
> secure".
>
> When they sent me my new chip card, through the bank I use, nothing had
> changed.
> They even kept the same PIN, which is supposed to be a secret.
>
> Except for a different slot in the debit machine, the process for payment is
> the same.
>
> Where is the 'enhanced' security?
> What makes it so?
>
> I honestly don't know if this is off-topic, because debit cards, in Canada,
> are still processed on mainframes, for the Big Five, at least.
>
> And, the mainframe, if you aren't stupid, is still the most secure processing
> environment, chip cards aside.
>
> (Yes! My bias is showing.)
> -
> Too busy driving to stop for gas!
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