I have had a random idea which I just want to put out there: is there any reason why credit cards etc can’t contain a built in microchip with it’s owner’s details and photo on it? That way, when a cashier puts the card into the reader, the owner’s details could automatically pop up on their screen and they can instantly be verified. It seems to me that this would be a good way of guarding against credit card fraud, particularly if it’s owner is a ”vulnerable person” who can’t input a pin number.
Hi M@@. Good idea. in fact I’ve seen credit cards with the holder’s photo embossed into the card. But for some reason they don’t seem to have taken off. Maybe the banks don’t want to shoulder the extra cost. And it doesn’t even need the retailers to install new terminals.
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