How microchip credit card works ?

The police informs on increasing activity of swindlers, with plastic cards. According to police, only for the last half a year is registered about thousand similar crimes. The damage from these frauds has exceeded 100 million US dollars.

Perhaps, it is time to banks to take advantage of technologies of the third millenium? Get acquainted – a plastic card with a microchip, in appearance usual plastic, but without a magnetic strip. The microchip is built in a card – the computer which can work under the loaded program and to store great volumes of the data.

Chip placing on a card – the present technical break capable considerably to change all system of payments on bank cards. Therefore as on this chip it is possible to place, at least, in 80 times more information, than on a magnetic strip of existing plastic cards!

Unlike cards with a magnetic strip, microchip credit cards can be used by different banks and payment systems – for each of payment systems the software will be used. On the same chip-card it is possible to fix both debit, and the credit appendix, and also the loyalty appendix (the account of bonuses and discounts in favourite shop). And the most important thing – microchip credit cards provide high level of safety of the payments, unattainable today for usual plastic cards, really protecting the information of the holder of such card from unapproved use.

In civilized countries the state and private organizations actively introduce microchip credit cards with a various set of appendices: the identification card the citizen (passport), the ticket on public transport, bonus programs credit and trading organizations and many other things. Very soon there is possible an account on one card and personal and corporate expenses of the holder.

Data can be stored in microchip credit cards for acknowledgement of the person of the holder on the transactions made through a network the Internet and by mobile phones. It is known that the first transaction on a chip-card on the Internet has been spent in 1997. Today holders can use all possibilities of the microchip credit cards in a network the Internet.

Still in the eighties the last century of a chip-card have found wide application at financial institutions of Incorporated Europe. Today the European banks in a mass order change existing plastic cards with a magnetic strip for microchip credit cards. Now successfully function more than two millions microchip credit cards.

According to experts of the companies specializing on release of plastic for payment cards, in due course on all cards at the world there will be a chip. In process of decrease in the cost price of microchip credit cards their quantity will grow. Researches of the consumer market have shown: almost 80 % of consumers believe that microchip credit cards become an important part of the future everyday life.

More than 30 % of respondents have declared that they like combination in microchip credit cards of payment function with function of storage of the personal data. The Chip-card as a mobile phone and the personal computer, will soon reflect individuality of the owner – he can choose, what appendices on it will be.

In the near future microchip credit cards begin to consider the points typed by its owner in various bonus (incentive) schemes. For example, for regular customers of points of a car rent it is possible will and consider payments on such card and to give as a bonus more high-class car under the low tariff. Frequent lodgers of hotel can give free of charge as a bonus days-other of free residing in number. Thus the microprocessor which has been built in a card, will keep account bonuses of the client on any service for any moment of time.

Very soon we shouldn`t carry with ourselves many different plastic cards. It and is good (conveniently!) and it is bad... It is bad, because the old true rule is broken – not to put all eggs in one basket. That can happen, if the holder of a chip-card is careless – we will show on an example of swindles with plastic cards

Last weeks summer (it is time mass holidays!) at once several USA banks had to justify before the clients. Nothing suspecting clients of these banks were called by unknown persons, were represented by employees of bank and tried to learn requisites of their bank cards. Thus "well-wisher" sounded the same legend: on the client the credit "hangs", and for situation finding-out it is necessary to check up all operations with its bank card. Simple psychological calculation: at first to frighten the person, and then to act as its defender and to ask to dictate card requisites, ostensibly for a solution of a problem!