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February 09 2014
HERE IT COMES! NWO!
Both Mastercard and Visa will be making these changes! Chip and pin number system is here folks under the pretense of credit card fraud prevention. Face to face transactions will shift over to the new payment system Oct 25 2015. Many merchants ALREADY have their systems ready waiting for this to be enacted. Oh man… THE STAGE IS INCREASINGLY SET!
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One important thing to know is that it’s not as if everybody just got to the starting line just now, there has been a lot of work on this that has already happened. For merchants, the terminals in many cases are readily available or already there, they already have the equipment ready to handle the new cards. Banks who issue cards in many cases already can issue cards with the chip, and they have been issuing them to customers who travel overseas.
U.S. consumers are already pretty aware of the chip and PIN system, because most of the rest of the world has already migrated. And we would expect in the wake of these latest breaches and the media coverage that awareness is now even higher. And as banks issue consumers their new cards, they will get information explaining the system and all the benefits, and obviously how to use it.”
Please watch the entire video, important info! Wall Street article link below.
Are you prepared?
Article link: http://blogs.wsj.com/corporate-intell…
As often as not, the touch and tap system in use in some of the stores I frequent does not work. I like it for the convenience, but am not blind to what it means overall. What to do? If there is to be no more cash in the future, there is no other choice.