DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Reduce the risks for car fraud in the DR!!!!

**XiWm9O9S** · 08-31-2012, 03:22 AM

All banks in the DR are adopting the long standing EMV (Europay MasterCard Visa) Chip card.

This new cards with the chips, will allow you to shop with confidence that your card will be hardly, if ever, cloned and your data will be secured in all transactions.

Clone\ing the chip is very difficult, because the encrypted data stored in its interior.When paying with a smart card in a store, it generates a cryptogram unique information stream which protects data traveling through the payment system to be validated on a central server and authentication of the transaction.

In addition to providing greater security, this technology saves time and avoids inconvenience to customers, because they will not have to enter their PIN to pay in shops. This PIN will only be required in cash withdrawals through ATMs.
Also, this new plastic incorporates added functionality over traditional cards, allowing its use in online purchases or home purchases and also offers the option of issuing additional cards with different limits to the principal.

08-31-2012, 03:22 AM	#1
XiWm9O9S Join Date Oct 2005 Posts 400 Senior Member	Reduce the risks for car fraud in the DR!!!! All banks in the DR are adopting the long standing EMV (Europay MasterCard Visa) Chip card. This new cards with the chips, will allow you to shop with confidence that your card will be hardly, if ever, cloned and your data will be secured in all transactions. Clone\ing the chip is very difficult, because the encrypted data stored in its interior.When paying with a smart card in a store, it generates a cryptogram unique information stream which protects data traveling through the payment system to be validated on a central server and authentication of the transaction. In addition to providing greater security, this technology saves time and avoids inconvenience to customers, because they will not have to enter their PIN to pay in shops. This PIN will only be required in cash withdrawals through ATMs. Also, this new plastic incorporates added functionality over traditional cards, allowing its use in online purchases or home purchases and also offers the option of issuing additional cards with different limits to the principal.
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