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this idea has been around for a long time
when i used to work for a "smart card" company we all had to be checked by the FBI and other government bodies because the chips we were using were highly encrypted and considered "munitions"
the european and asian community are already very familiar with the usage of smart cards with regards to banking, phones, etc - it's just North America that has not caught up to using the technology
but i just noticed a commercial from Visa and they have just introduced a "smart" credit card, so i guess things are on there way here as well
someone asked on another thread what position the credit card companies will take in the future - in this industry - and the answer will be "smart cards"
it operates as the ultimate AVS, money is actual and not virtual and there will never be any more chargebacks
although more information can be learned about each individual with these cards, many companies have allowed room for anonymous usage
anyone using a credit card right now has been tracked since they first started using the card and all information sits in a data base
we gave up our anonymity a long time ago
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