Home » Business » Spanish Banks Implementing Security Improvements to Debit and Credit Cards, Including Removal of Printed Numbers and Magnetic Stripes by 2024

Spanish Banks Implementing Security Improvements to Debit and Credit Cards, Including Removal of Printed Numbers and Magnetic Stripes by 2024

Las credit or debit cards They are one of the most common payment methods among Spaniards and the entities issuing them do not cease in their efforts to try to implement security improvements. As a consequence of this work, physical changes in them that some banks are already incorporating.

Debit and credit cards They lose their printed numbers, both the card number and the CVV on the back and the expiration date. The objective is to protect users against possible loss or theft of plastic.

Without the information that those numbers provide to other people’s friends, it prevents them from making transfers or withdrawing money from an account and makes purchasing online difficult.

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In counterpart, the increase in security represented by the disappearance of the cards with the aforementioned information, will force the user to consult the information requested on a mobile phone or on a computer connected to the network and thus confirm the acceptance of the operation you are wanting to perform. Both the CVV and the expiration date of the card will be displayed for a few seconds, as well as the rest of the required data.

In the longer term, another of the changes expected in the cards is the elimination of their traditional magnetic stripea measure that will reach all European countries from year 2024 and will be implemented at world level before 2033. What’s more, no card in circulation must have the dark stripe that year.

2023-12-24 19:10:04
#change #credit #debit #cards #safer

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