I recently had to get a new debit card and it came with a chip on it. This was interesting because many merchants can’t deal with the chip. I asked many of them but they didn’t have compatible machines. They just wanted me to swipe the card.
If this helps make transactions safe and starve criminal networks of money that will be wonderful. Sadly, criminals seem to adjust to every technology. What is surprising is how long and slow it took companies to make this upgrade. It’s almost like someone did the math and said that the economics favored waiting and supporting criminal organizations indirectly.
Its strange isn’t it? Companies like the MPAA/RIAA sue consumers saying they are losing them money, yet banks and credit card companies delay plans to secure their infrastructure and lose money to criminals. If the law is important, why isn’t it important all of the time? Or is it rather than scaring customers who have little resources and recourse is safer than angering criminal organizations with the money and motivation to strike back?
I think that is what you learn as you get older. That the reasons companies give for decisions are lies, and that those reasons change depending on what is convenient to the company. Consistency is rarely supported by anyone who gains knowledge.