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Why the Heyday of Credit Card Fraud Is Almost Over


By www - Posted on 25 September 2014

Why the Heyday of Credit Card Fraud Is Almost OverIn 1960, an IBM engineer named Forrest Parry was developing a new type of ID card for the CIA when he had an epiphany: Why not make each card a tiny data storage device in and of itself? He cut a short length of half-inch wide magnetic tape from a reel and wrapped it around […] The post Why the Heyday of Credit Card Fraud Is Almost Over appeared first on WIRED.