Chip Cards – Are they Authentic

A recently printed article in a recent AARP Bulletin* explaining that while financial institutions are in the process of providing new “chip” cards, explaining “The data is protected in an integrated circuit [rather than a magnetic strip], and there’s a dynamic code that resets after each use”. This has already started with my bank and a new debit card issued. So far I’ve had no problems except a minor delay when I swipe my card only to find I have to insert it into another slot because it has a chip. The whole process is quite simple and secure.

I recently joined a company who is currently working on new technology for the Smart Wallet. This wallet is as small as a credit card and will hold approximately 10,000 cards, including your license, passport, health records, everything.

It will offer added identity protection for increased peace of mind while traveling; will allow members to earn points at select restaurants toward vacations; and much more. The company Co-founder and CVO said, “In this high-tech, hyper-connected world, we are enabling people to use technology in a more powerful and compelling way.”

I am excited about this new technology merging into our company. Looking forward it’s going to be a great year! Helping family and friends find fun, freedom and fulfillment has been my goal and with the new technology rolling out, it will assure them of cyber-safety. I’ve always been hesitant about sharing my personal information into cyber-space, but seriously, isn’t it already out there? When you refill a prescription, your insurance information and Rx is only a click away; they only ask for your name and birthdate.

So it makes sense to carry only one small smart wallet that doesn’t weight my purse down; and have the ability to shut that wallet down instantly. The perpetrator would not be able to use the wallet. It will have a double-security that is exclusive only to the user. Now that’s technology!

If you find this post helpful, please like and share it! We welcome all feedback.

Sources:

AARP Bulletin/Real Possibilities, January-February 2016.

Yahoo Finance, January 5, 2016

'If you liked this post, say thanks by sharing it.'