The credit cards were first made with magnetic strips on the back that record the data and when swiped on a credit card machine would send the send to the merchant. The problem then was the criminals found a way to read the cards information and steal what data they needed. And those types of cards required a signature on the back which had to be signed when the customer received them in the mail. The cashier or counter person would then ask for ID and verifying the signature with the ID to see if it is the right person, the only problem is the signature was easily copied. Now the new credit cards were made where the data on the magnetic card is encrypted and the hackers or thieves can not steal the info on the card when it is swiped. And wouldn’t you know it the criminals began to clone and copy the card and embed data on the cards to steal money from the …show more content…
That way if the customer tries to say it was not them there is some type of protection for the merchants as well. The other main problem is the store owners or gas stations and mom and po stores are still slow to incorporate these devices due to the price and they are willing to take that