The Bankwatch

Tracking the consumer evolution of financial services

Korean ATM network no longer accept Mag Stripe

With that mag stripe support is removed from Korean ATM.  Finally someone has seen the light.  Maintenance of mag stripe just because America refuses to accept chip fully is an unacceptable willingness to accept fraud.

I hope this is first of a trend.

hat tip Dave Birch

dgwbirch
South Korea turns off magnetic stripe support in ATMs http://t.co/Fjn4QGCbU6
2015-03-06, 18:11

Written by Colin Henderson

March 6, 2015 at 18:39

Posted in Uncategorized

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