Thursday, January 23, 2014
Maine Lags Behind Europe in High-Tech Credit Cards
According to a recent news report Maine lags behind most of Europe in adopting high-tech credit cards. Europe has moved to a more secure chip system. Credit card fraud rates in the U.S. have doubled in ten years. More secure credit cards carry a computer chip and security software that hides important information. It is estimated to take ten years and about $8 billion to catch up with Europe's technology. In the meantime crooks will target U.S. consumers because of their weak credit card security system. Read more in "U.S. slow to adopt high-tech credit cards", Portland Press Herald, January 21, 2014.