Credit cards launch new payment system

By Guest Author · 2 October 2007 · Locked

Credit Cards Unveil Groundbreaking Payment System

Get ready for a major shift in credit card security. Find out how Visa and MasterCard are taking on credit card fraud with their latest innovation.

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Summary

Visa and MasterCard have announced a multi-million dollar marketing campaign to publicise their new payment technology. Europay MasterCard Visa (EMV) uses microchip technology, rather than a magnetic strip, to help prevent credit card fraud. The card can be used for various transactions. Westpac recently began phasing in the smartcard and will upgrade its entire network […]

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