_why-credit-cards-have-that-annoying-chip-124-planet-money-124-npr.jpg "Why Credit Cards Have That Annoying Chip | Planet Money | NPR from jumbo member Video Screenshot Preview")
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⏲ Duration: 2 min 39 sec
✓ Published: 17-May-2018
✓ Published: 17-May-2018
Description:
Ever wondered why the chip on your credit card made it slower — or where the chip and stripe on your credit card even came from?nnHere's the story. In the mid-'60s, the airline industry had a problem. The 747, the first real jumbo jet, had just been introduced. There were more passengers at the airport than before. More passengers meant longer lines. And that was especially bad because this was the era when customers paid for their tickets right there at the airport — often by credit card.nn
Ever wondered why the chip on your credit card made it slower — or where the chip and stripe on your credit card even came from?nnHere's the story. In the mid-'60s, the airline industry had a problem. The 747, the first real jumbo jet, had just been introduced. There were more passengers at the airport than before. More passengers meant longer lines. And that was especially bad because this was the era when customers paid for their tickets right there at the airport — often by credit card.nn
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