tag:blogger.com,1999:blog-3758330678390419129.post3826386943407449447..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: PayPal President's Credit Card Hacked for Shopping SpreeRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-3758330678390419129.post-81584559510626663442014-02-19T08:02:41.802-05:002014-02-19T08:02:41.802-05:00PayPal’s David Marcus on Credit Card Security …
“...PayPal’s David Marcus on Credit Card Security …<br /><br />“Marcus noted that his credit card had EMV chip technology [can’t then have been a “PreyPal”-branded card], a more secure system currently in use in Europe. But that didn't stop the data from being stolen and used for a "ton of fraudulent" transactions, according to the PayPal chief.”<br /> <br />http://www.usatoday.com/PhilipCohenhttps://www.blogger.com/profile/15381456766288187978noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-32446044116733947222014-02-19T07:58:59.761-05:002014-02-19T07:58:59.761-05:00Chip + PIN will be mandatory in Australia later th...Chip + PIN will be mandatory in Australia later this year ...PhilipCohenhttps://www.blogger.com/profile/15381456766288187978noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-12107014807594016192014-02-14T15:14:51.461-05:002014-02-14T15:14:51.461-05:00CHIP+PIN is secure. The chip is powered by the PIN...CHIP+PIN is secure. The chip is powered by the PIN terminal and encrypts the data to be sent (i.e. the entire transaction including all meta-data like name, address, birthdate, Card#, expiry etc.... basically the track 1 data on the magstripe) using the PIN and the number step (a pseudo random number that the CHIP and the bank know what the next one will be but no one else does) It then sends James Hancockhttps://www.blogger.com/profile/00691491559386497208noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-81565419594455191332014-02-14T12:14:34.378-05:002014-02-14T12:14:34.378-05:00This post is pretty hilariously spaced in between ...This post is pretty hilariously spaced in between many articles hating the simple, cheap, effective, and if only some care is applied, riskless to both parties solution to this problem and the CEO's problem as well; all rolled into one beautiful new technology, Bitcoins. Yay!<br /><br />Cue the rage.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-23652104883645758512014-02-14T11:07:38.176-05:002014-02-14T11:07:38.176-05:00You can email Wenzel and he will give you instruct...You can email Wenzel and he will give you instructions on how to subscribe by check. That's what I did.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-84128125220943968602014-02-14T10:48:27.836-05:002014-02-14T10:48:27.836-05:00Mistake.Mistake.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-34280166596425267382014-02-14T10:37:02.962-05:002014-02-14T10:37:02.962-05:00The PayPal requirement is the only thing keeping m...The PayPal requirement is the only thing keeping me from signing up for the EPJ Daily Alert.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-721074317803639722014-02-14T10:28:29.420-05:002014-02-14T10:28:29.420-05:00Wenzel, I'm curious to know your opinion on th...Wenzel, I'm curious to know your opinion on this report on the smart cards that could possibly be introduced here.<br /><br />http://gizmodo.com/what-are-smart-credit-cards-and-why-are-they-coming-1520171221<br /><br />To me while it does sound like a good idea, it seems just another avenue for Big Brother to travel inNY Cynichttps://www.blogger.com/profile/05131625126863049626noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-79370817532650086362014-02-14T09:07:39.961-05:002014-02-14T09:07:39.961-05:00Paypal is a pain in the ass to sign up for. It'...Paypal is a pain in the ass to sign up for. It's a nuisance to use and in general just makes for a bad user experience. It won't be the future of anything.<br /><br />The solution is to start building chip readers for the new cards into computers and have banks give away the cheap readers (they're like $5 wholesale) to their customers that do secure online transactions with a usb James Hancockhttps://www.blogger.com/profile/00691491559386497208noreply@blogger.com