PLAY PODCASTS
ELI5 Credit Card Security - is a chip really safer than a magstripe?
Season 1 · Episode 53

ELI5 Credit Card Security - is a chip really safer than a magstripe?

Why are the new chip and pin credit cards safer than the magnetic stripe, especially when most cards still have both? How is the 3 digit security code useful? What is credit card skimming and how does it work? Why does American Express have a...

ELI5 Explain Like I'm 5: Bite sized answers to stuff you should know about - in a mini podcast

February 21, 202012m 1s

Audio is streamed directly from the publisher (prefix.up.audio) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.

Show Notes

Why are the new chip and pin credit cards safer than the magnetic stripe, especially when most cards still have both? How is the 3 digit security code useful? What is credit card skimming and how does it work? Why does American Express have a different security code format to Visa and MasterCard?

 

... We explain like i'm five!

 

Thank you to Empower, the sponsor of today's episode. For more info about Empower, visit: empower.me/ELI5

 

Help more people fund us by leaving a rating on iTunes.

 

Thank you to the r/explainlikeimfive community as always and in particular the following users whose questions and comments formed the basis of this discussion: cleanaxe, hecre8ivewon, bringer_of_words, tehwildman, theapiary, longtimegonemtgo, ddacke, benthevining & wwwyzzrd.

To the ELI5 community that has supported us so far, thanks for all your feedback and comments. Join us on Twitter:

https://www.twitter.com/eli5ThePodcast/

or send us an e-mail:

[email protected]