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AnonTechie writes:
"MasterCard is partnering with mobile technology company Syniverse. The two will deliver a service to fight credit-card fraud by linking the user's card with the user's mobile phone. This will be an opt-in service and it is still in pilot-phase. Geolocation data will be key in making this work; the person will need to have both the phone and card. In order to complete any card transaction the user will need to have that mobile device switched on to a specific geolocation while abroad. A credit card user's point-of-sale details will be correlated with the geolocation of the mobile device. The true location will be identified, reducing the likelihood that criminals are able to buy goods with stolen cards."
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MasterCard, Syniverse to Use Geolocation for Cards
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TOO BAD YOU CAN'T BUY a voodoo globe so that you could make the earth spin
real fast and freak everybody out.
-- Jack Handey, The New Mexican, 1988.
(Score: 3, Informative) by frojack on Saturday March 01 2014, @10:17PM
Have you ever looked into Chipped card? [visa.com]
On her last trip to the UK, my wife was advised to get a chipped card. Pretty much everywhere but the US uses these, and its going to be mandatory in the US soon too.
No, you are mistaken. I've always had this sig.