In this video, Oberthur Technologies North America President Martin Ferenczi discusses identity theft and credit card solutions. He speaks on "Market Makers."
This new "Chip and PIN" technology will provide a high degree of confidence that your card cannot be counterfeited," he says.
When asked why it has taken over 10 years for this technology to start being used in the United States when it has long been used in other countries, Ferenczi replies, "because it wasn't born in the United States."
A second reason is that the U.S. has far better communication systems than other countries; therefore our online financial transaction security systems have been relatively more secure than in other nations.
Click here to watch this 3:30 minute video at Bloomberg.com.
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