How the New Chip Cards Work
You might have already noticed the minor change at the register. Instead of swiping credit cards and debit cards, more retailers are asking consumers to dip them into new card readers that are supposed to be more secure. The technology uses cards with chips embedded in them, and is supposed to cut down dramatically on incidents of thieves stealing card information and making fake copies. Businesses have been installing the new readers...
Consolidation Brings Change To Chip Industry
San Jose, Calif. — A wave of mergers and acquisitions is reshaping Silicon Valley’s semiconductor industry as companies join forces to shoulder the soaring technology costs required to stay competitive. Half a dozen chipmakers in Silicon Valley, including a few storied names, have changed hands in less than two years in nearly $12 billion in mergers and acquisitions affecting thousands of employees and costing some their jobs. In one...
Chase Debit Cards To Be Reissued With Microchips
Chicago — Chase officially said last week it plans to reissue all its debit cards to include embedded microchips aimed at helping to reduce fraud. The Chicago Tribune first reported the move last month. Such technology is prevalent in many other countries and is expected to become the standard for payments in the U.S. The reason for the change: Cards in the U.S., which rely on magnetic strips that store personal information, can be...
