$SMME SmartMetric Analysis of the Post Corona Viru
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Posted On: 06/12/2020 1:16:26 PM
$SMME SmartMetric Analysis of the Post Corona Virus World and the Impact on Public Touch Points in the Credit Card Industry
SmartMetric, Inc. (OTCQB: SMME) sees that the Covid-19, Corona Virus will have a lasting impact on how consumers interact with the physical world. This impact will be most pronounced in the aversion the public will have to touching commonly used devices such as the credit/debit card PIN pad at a checkout counter.
This aversion to using public touch points will no doubt accelerate the use of contactless credit cards with a growing demand for the abandonment altogether of needing to enter a PIN on a numeric pad at the checkout. The death of the PIN has been coming for a long time given that a four-digit numeric code is today seen as one of the weakest forms of security imagined. Code breaking software you can carry in your smartphone can crunch numbers in seconds to defeat PIN codes. It is just that until now, there hasn’t been the impetus to bring about credit card industry wide change especially in an industry that is so large that implementing change is at best, not an easy task.
https://finance.yahoo.com/news/smartmetric-an...00701.html
SmartMetric, Inc. (OTCQB: SMME) sees that the Covid-19, Corona Virus will have a lasting impact on how consumers interact with the physical world. This impact will be most pronounced in the aversion the public will have to touching commonly used devices such as the credit/debit card PIN pad at a checkout counter.
This aversion to using public touch points will no doubt accelerate the use of contactless credit cards with a growing demand for the abandonment altogether of needing to enter a PIN on a numeric pad at the checkout. The death of the PIN has been coming for a long time given that a four-digit numeric code is today seen as one of the weakest forms of security imagined. Code breaking software you can carry in your smartphone can crunch numbers in seconds to defeat PIN codes. It is just that until now, there hasn’t been the impetus to bring about credit card industry wide change especially in an industry that is so large that implementing change is at best, not an easy task.
https://finance.yahoo.com/news/smartmetric-an...00701.html
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