Can They Take On U.S. by '07?

Krebsbach, Karen
April 2004
Bank Technology News;Apr2004, Vol. 17 Issue 4, p22
Trade Publication
Points out that fraud on magnetic-stripe cards will force the adoption of smart cards in the U.S., according to John C. Gould, TowerGroup's director of consumer lending and bank cards. Cost of fraud on magnetic stripe cards; Ability of a fraudster to copy data from a magnetic-stripe card using such low tech materials as a strip of blank videotape and a domestic iron. INSET: AMEX SEES GREEN WITH BLUE.


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