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Old Dec 27, 2013 | 12:41 pm
  #37  
youngmoneyhack
 
Join Date: Jun 2012
Posts: 80
Originally Posted by TravelerMSY
Not every technology *needs* to be disrupted. Visa/MC/bank debit payment systems work reasonably well for the vast majority of users. For everyone else, there's always cash.
Well I'd argue the Target breach has shown that basic card security is desperately lacking in the U.S. Apparently a simple EMV chip and pin would've prevented any potential losses in the first place. Now that fraudsters know just how vulnerable U.S. merchants and cards are, I predict more frequent and damaging attacks like this through the weak and outdated merchant IT systems.
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