We’ve been hearing the refrain for years: the US is losing the credit card technology race. In Europe they have microchips. In Asia, people pay with their phones.
You’d think it’s only a matter of time before the US dumps its ancient magnetic stripes and joins the 21st century.
“The US started deploying magnetic stripe readers in the late 60s,” says Jeff Mullen,CEO of Dynamics, Inc. According to a leading maker of credit card terminal parts, GAO Research, there are over 10 million magnetic stripe readers in the US today.
Read More:
0 comments:
Post a Comment