Magspoof: Insecure Plastic Cards Show Why the World Needs Bitcoin
Bringing additional security to the payment sector is a tough battle as there are so many hurdles to overcome, especially when it comes to plastic cards. The introduction of EMV chips to plastic cards seemed to be a major step in the right direction, but as it turns out, EMV transactions can be disabled, forcing merchants to swipe the card. The....
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Plastic cards are often considered to be the next evolutionary step in the world of payments. More and more countries are moving away from cash transactions whenever possible, and it only seems to make sense for plastic cards to take their place. However, there are still a fair few drawbacks to plastic cards, and the PNC issue highlights what happens when cards are not working. Imagine standing in line at the counter, waiting to pay with your PNC Bank Card, and getting the message how your card can not be used at this time. That is the feeling many PNC Bank customers are experiencing....
September 6, 2021, Embily, one of the fastest-growing blockchain payment gateway platforms, has announced the official rollout of its virtual and plastic debit cards globally. The crypto-friendly cards will allow users to convert their crypto to fiat currencies to spend online or in-person merchants. Embily debit cards enable users to make online transactions within seconds. […]
Shake, the service that creates VISA debit cards you can load with bitcoin, is opening beta testing to the public. A bunch of new features is also on the way to complement the service. Tap-and-Pay, Plastic Cards, All With Bitcoin. Shake is launching the open beta after a successful six-month alpha testing period. Famously, the test saw BitGo engineer Mason Borda order a Tesla Model 3 using a virtual Shake card for the deposit. The Canadian company currently offers apps for Android and iOS. Users with NFC-enabled phones can also use them to make tap-and-pay payments at store terminals.....
It is no secret how consumers are looking for more convenient and mobile payment solutions these days. Alternative methods – such as digital wallets – are slowly overtaking plastic cards as a popular way to buy goods and services online. A recent study conducted by WorldPay shows how more than half of the global e-commerce transactions are coming from non-traditional card payments. Over the course of the next few years, more and more customers will start paying with alternative payment methods rather than using plastic cards. WorldPay statistics expect the number of card payments to fill....
Gyft Cloud is a cloud-based digital gift card solution. Gyft is pretty well-known in the bitcoin world. The service allows users to purchase digital gift cards with bitcoin or credit card for hundreds of retailers. Users can also upload their plastic gift cards to their Gyft wallet so that cards can be stored securely and retrieved anywhere with an Internet connection. And now, Gyft is expanding its services to merchants with Gyft Cloud - “the ultimate mobile gift card solution.” “Offering plastic gift cards can be cost prohibitive and an operational nightmare for small to mid-sized....