Chipped cards - both credit and debit - are one of my pet peeves. Here are a few facts. 1) I have an OTC Genisys scanner for doing diagnosis on OBD2 vehicles. Software for this machine is freely available and not copy protected. BUT, you need a "smart card" for each of the applications that you want to activate from that software. These "smart" cards have that very same chip as today's credit/debit cards. This machine was introduced back in about 1989 or so. Old technology? 2) When I had satellite TV, my receiver needed a "smart" card to make it usable. Again, same chip as credit cards. I had that system in around 1999 or so. Again, old technology?? 3) At state prisons here in PA, visiting areas have food vending machines. These machines use the SAME chip as credit cards. To use these cards, there is a machine in the lobby that you insert cash into, and it adds that to the balance on your card. This proves to me that this technology is widely available to read, write, and modify these cards.
My opinion is that this is old, borderline obsolete technology. Banks should be ashamed of introducing it into credit cards. This is the biggest example I have seen of businesses shooting themselves in the foot since IBM tried to corner the PC market with things like microchannel, PS/2 and OS/2.
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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