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Migrate to chip-based payment cards: Visa, BUSINESS TIMES
Business Times (Malaysia), May, 2002 by Adeline Paul Raj
Business Times (Malaysia) 05-03-2002 VISA International, the world's leading payment brand, has urged Malaysia to speedily migrate towards a new and more secure technology that uses integrated circuit chips (ICC) in credit cards instead of magnetic strips, in an effort to combat credit card fraud.
A credit card currently use a magnetic strip which has proven over time not to be the most secure form of technology, as data on the strip can be copied thus spawning credit card clones. Visa International Asia-Pacific's president and chief executive Rupert Keeley said these security measures of the ICC were better than that of the magnetic strip and was confident it would stand the test of time. "Chip-based payment cards have proven to be the safest and...
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