Some new credit cards are more secure than others

Dan Bobkoff Jan 6, 2015
HTML EMBED:
COPY

Some new credit cards are more secure than others

Dan Bobkoff Jan 6, 2015
HTML EMBED:
COPY

Come October, stores and restaurants must install new credit card readers that accept secure credit cards with smart chips, or the store will be held responsible for any fraud that occurs. U.S. card issuers are scrambling to send members new chip-enabled cards, but not all of them will work the same way.

Some will require customers to sign a receipt like today. Others will use a more secure PIN code, like at an ATM, but most banks are choosing convenience and familiarity over security.

Click the media player above to hear more.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.