COMPUTER HARDWARE
OUTPUT DEVICES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Magnetic stripe reader
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Chip and PIN reader
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None of these
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None of the above
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Detailed explanation-1: -Chip cards are more secure than cards that solely use a magnetic stripe. Cards that use the EMV chip technology are harder for fraudsters to copy from in-person transactions. Magnetic stripe cards carry static data directly in the magnetic stripe.
Detailed explanation-2: -Chip and PIN machines are point-of-sale (POS) terminals used to process credit and debit card payments. They are equipped with a card reader (chip and PIN) that reads the chip on the back of the card and prompts customers to enter their PIN code for verification.
Detailed explanation-3: -Similar to a magnetic stripe, EMV chips holds information needed to process a payment. But chip cards contain more information and all the data is encrypted on the microchip. The encryptions keep criminals from being able to use data reading devices and technology to steal the cardholder’s information.