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Credit cards to start using smart chip technology
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Smart cards in our wallets? In 1990, microchip technology made it possible to implant tiny computers into what looked like ordinary credit cards. David Horowitz reports on Fight Back! #90s #nostalgia #retro #credit #money | Watch Fight Back
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In 1985, credit cards were moving away from manual "knuckle-buster" imprinting machines toward electronic point-of-sale terminals and the widespread adoption of magnetic stripes. The report also showcased early tests of "smart cards" with embedded chips, a technology considered the future of transaction security. Credit: @cbc | History In Pictures
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Whether you tap your card or pay with your phone, you're likely accustomed to the fast, seamless transactions of digital payments. It's all so routine now that it probably seems dull. But in the late 70, and into the 80s, it was cutting edge technology. Electronic credit card machines revolutionized payment processing by replacing the tedious process of manual imprinting devices with faster, more secure systems. These machines used magnetic stripes on credit cards, which were swiped to capture t
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