The End of the Swipe-and-Sign Credit Card.
THE END OF THE SWIPE-AND-SIGN CREDIT CARD
“Every credit card in the U.S. will be replaced with new cards that contain the chip-and-PIN technology that the rest of the world has had for years, according to the Wall Street Journal. Both Visa and MasterCard are committed to the switch, which will render extinct the plastic in your wallets and purses right now. No more black magnetic stripes; no more signing on the dotted line.” source
The new EMV credit card system in the U.S. is set to be rolled out by October, 2015. Also going away is the ability to sign for your purchases, that will no longer be necessary.
Instead, you will enter a PIN to verify that you are the holder of the card. Removing the human element is one more step in the march towards the Mark Of The Beast system that will be in place during the Tribulation under the Antichrist.
Obviously, all this is leading to a microchip being placed inside every human being, which would be the only way to guarantee that your card will not be lost or stolen.
“Alas! for that day is great, so that none is like it: it is even the time of Jacob’s trouble; but he shall be saved out of it.” Jeremiah 30:7 (KJV)
Make no mistake about it, this will happen within our lifetime, within our generation. We are the generation that will see the Rapture of the Church of Jesus Christ, and the unsaved who will experience the time of Jacob’s trouble that will follow that event.
Just like God used Noah to warn the people for 120 years and then, in an instant, sent the first drop of rain that began The Flood. So now is God using His people, His watchmen, to warn and warn and warn until you are nearly exhausted from hearing about it. Until…
…Guess what comes next?
We have corrected this article to reflect the fact that customers will still be able to sign for credit card payments after October 2015.)
It’s a payment ritual as familiar as handing over a $20 bill, and it’s soon to go extinct: prepare to say farewell to the swipe-and-sign of a credit card transaction.
Beginning later next year, you will stop swiping the credit card. Instead, you will insert your card into a slot, just like people do in much of the rest of the world, where the machine will read a microchip, not a magnetic stripe. You’ll still be signing for the time being, but the new system also enables the use of PIN numbers, if card issuers decide to add them to their cards.
The U.S. is the last major market to still use the old-fashioned swipe-and-sign system, and it’s a big reason why almost half the world’s credit card fraud happens in America, despite the country being home to about a quarter of all credit card transactions.
The recent large-scale theft of credit card data from retailers including Target and Neiman Marcus brought the issue more mainstream attention, leading to a Senate Judiciary Committee hearing this week. Executives told the senators that once the country transitions to the new system — which includes credit cards embedded with a microchip containing security data — these kind of hacking attacks will be much more difficult to pull off.
“And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.” Revelation 13:17 (KJV)
- Post Time: 05-05-16 - By: http://www.rfidang.com