News for hackers. Stuff that matters.

A comment on Ask HN: Why are credit card chip readers so slow?. Parent comment

Re:Ask HN: Why are credit card chip readers so slow? by sametmax on Monday June 26, 2017 @05:32AM (#14635342)
Plus now most shops have contact less card readers. Which is funny when you think about it, because it's the same speed / security than the swipe from 40 years ago, except limited to 20€.
[ Parent | on HN ]
Re:Ask HN: Why are credit card chip readers so slow? by DangerousPie on Monday June 26, 2017 @05:38AM (#14635367)
I wouldn't say it's the same security - presumably the contactless chip is much harder to copy than the old magnetic stripe.
[ Parent | on HN ]
Re:Ask HN: Why are credit card chip readers so slow? by ahmeni on Monday June 26, 2017 @06:15AM (#14635560)
Contactless transactions generate a one-time use code, they're much more secure than your standard magnetic swipe.
[ Parent | on HN ]
Re:Ask HN: Why are credit card chip readers so slow? by sametmax on Monday June 26, 2017 @11:48AM (#14637687)
No they just have different issues.

They both allow the card to be used when stolen. Magnetic band can be duplicated. Contact less allow people with a portable modified machine to request transaction without the owner knowing.

[ Parent | on HN ]