Retailers to Congress: Replace Credit & Debit Cards With ‘Pin & Chip’ - Susanne Posel | Susanne Posel

Retailers to Congress: Replace Credit & Debit Cards With ‘Pin & Chip’ - Susanne Posel | Susanne Posel:

 The answer to these recent security breaches by hackers against retailers is being called for by retail corporations.

They are demanding that the chip and PIN (CPIN) cards be implemented to protect customers from POS attacks.

The CPIN looks like a traditional credit card; however a chip is installed that contains the same information that is embedded into the magnetic strip.

The swipe option for the CPIN cards will work just as current debit and credit cards are used.

NerdWallet is a corporation that produces CPIN cards.

This company claims that with Canada and Europe poised to implement the CPIN cards as standard, there will be less fraud being perpetrated onto unsuspecting customers.