* Chip card abuse: Introduction of chip card technology has undoubtedly helped to alleviate security issues associated with magnetic stripe
Cards that work on magnetic stripe
technology such as credit and debit cards are very easy to use.
cards might be easy and convenient, but the glaring security issues raise huge concerns (Chase, 2014).
Ideal for anyone that processes and accepts magnetic stripe
cards, the B2 Magstripe Card Simulator allows users to store XML images of all their test cards in one convenient place via the B2 software application.
Vanderhoof maintained these kinds of risks with magnetic stripe
cloning or altering are exactly the kinds of problem EMV is best at preventing.
Chip cards still have a magnetic stripe
on them, so if a criminal can get a card reader to accept a payment without using the chip, those transactions are vulnerable.
The migration from magnetic stripe
cards to EMV personalised cards by OMA Emirates allows us to adhere to strict EMV card specifications and standards and gives us the flexibility to scale up depending on market demands and our card business.
(ACS, a wholly owned subsidiary of Advanced Card Systems Holdings Ltd., SEHK: 8210), Asia Pacific's top supplier and one of the world's top 3 suppliers of PC-linked smart card readers (Source: Frost & Sullivan), today launched two new mobile card readers with audio-jack interface: the ACR32 MobileMate, a magnetic stripe
and contact smart card reader, and the ACR35 NFC MobileMate, a magnetic stripe
card and NFC tag reader.
Many issuers globally have outsourced EMV smart card issuance due to its complexity compared to magnetic stripe
card issuance, thereby relying on others to keep secure cardholder data and associated keys.
Using cryptographic techniques, card issuers write verification codes into the magnetic stripe
of each card they manufacture.
The device includes the Electronic Stripe, a card-programmable magnetic stripe
that can be read at any existing point-of-sale (POS) magnetic stripe
Also known as EMV chip-based payment cards, the cards contain an embedded microchip in addition to the magnetic stripe
which offers cardholders additional security features.