Can Technology Address Credit Card Theft Fears?
Filed Under (Credit Cards Blog) by creditblogger on 03-11-2008
Credit card theft is one of the biggest issues facing the American people these days. As the state of economy deteriorates, more folks turn into crime to put food on their tables. I am not suggesting that everyone is becoming a criminal, but a lot of folks who wouldn’t use your credit information even if they had access to it now succumb to their temptations in order to provide food for themselves or their families. What these criminals do can not be condoned. However, I firmly believe that consumers and credit card issuers should take extra security measures to avoid credit card theft.
Thanks to the advancements in technology, the future is bright for us consumers. With technologies such as RFID, it is no longer a dream to have a key-chain for a credit card or use cards that pass information “wirelessly.” How about cards that do not have any numbers on them? These are all possible with the current technology.
These days a lot of folks have their identity stolen due to having their information exposed to others. You never know who’s watching, so why not minimize the risk by taking out the card information from the face of credit cards. So far, the technology has not been cheap enough for issuers to mass adopt the proper solution to protect their card holders. But in a few year’s time, we will see credit cards used in a dramatically different fashion. That’s something worth waiting for, isn’t it?
