Technological advancement often comes with a price attached to it. The new blink cards launched by Chase are designed to make the transaction a more customer friendly experience. Blink cards do not need to be swiped, nor do they need signature verification or a PIN.
While, this adds to convenience and reduces the transaction time, it also takes away key security checkpoints in the system. Signatures and PIN, both added to security and critics are of the opinion that in doing away with these, Blink cards will increase the chances of fraud.
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