The radical change that comes to credit cards from 2024

by time news

2023-09-20 08:29:28

Las magnetic stripes Credit cards, those that often end up damaged and causing problems due to wear and tear, have their days numbered. His discount time will begin next year, 2024, and it is estimated that In 2033 they will no longer be on the back of any of them.

Mastercard will lead the change in this popular payment system, implemented in the 1960s. The company argues, among other things, that the absence of magnetic stripes increases security when authorizing payments in real time.

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Although payment through mobile phones is gradually gaining ground over payment with physical cards, commerce experts see a future for the credit card: without magnetic stripes but incorporating biometric technologywhich is one that certifies the unequivocal recognition of people through one or more intrinsic physical features of each individual.

So, for example, they believe that the next cards could link the fingerprint with a electronic chip.

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