The chip is definitely more secure than swiping the card... why ? Because the terminal when you use the chip is communicating with a secure device embedded in the card, with crypto, that authenticate your transaction immediately, and generally as well connect thru phone/internet to the Payment server (reason it takes longer !).
So yes, if you need a online authentication it will always take a little longer than just swiping the card, that's normal and will always be until the network infrastructure is not upgraded properly (Terminal connected 24/24 thru internet and not doing a phone call at each transaction).
Not using the chip, and swiping is leaving the security to the Magnetic band on the back, that is not at all secure, and to a signature on the ticket that is the only piece of authentication left, that will take days to the Credit Card company to validate...
Would be good in one side to get as it happens in most of the world a proper network to work for such connections, but also good to stop using the Magnetic field, as it always worked... it looks like to me the same as on the picture that we see where two guys are pushing a car that has square wheels, and refuse an inventor invention with round wheels... and continue to push their car...
SSSLLC
Slashdot Mirror
The chip is definitely more secure than swiping the card... why ? Because the terminal when you use the chip is communicating with a secure device embedded in the card, with crypto, that authenticate your transaction immediately, and generally as well connect thru phone/internet to the Payment server (reason it takes longer !). So yes, if you need a online authentication it will always take a little longer than just swiping the card, that's normal and will always be until the network infrastructure is not upgraded properly (Terminal connected 24/24 thru internet and not doing a phone call at each transaction). Not using the chip, and swiping is leaving the security to the Magnetic band on the back, that is not at all secure, and to a signature on the ticket that is the only piece of authentication left, that will take days to the Credit Card company to validate... Would be good in one side to get as it happens in most of the world a proper network to work for such connections, but also good to stop using the Magnetic field, as it always worked... it looks like to me the same as on the picture that we see where two guys are pushing a car that has square wheels, and refuse an inventor invention with round wheels... and continue to push their car... SSSLLC