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American Credit Cards Fail the Smart Test

12 hours ago ago from Everyday Cities

American credit cards are lacking the technology necessary for them to be universally accepted in many foreign countries. The important missing element in American cards is smart card technology. Smart cards still have the old magnetic strip, making them compatible with older terminals, but they also have an embedded microprocessor. The new Smart card technology has been successfully introduced in over 22 countries around the world ...

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