What happens when you swipe your credit card at the checkout counter or insert it into the chip reader (also known as “dipping”)? What about when you tap its digits into an online field?
A lot. More than you imagine, probably. Each and every electronic transaction is a delicate ballet between cardholders, merchants, and a host of intermediaries. This dance is repeated billions of times a day, all across the world, and forms the basis of the global economy. Without a secure and reliable system for transmitting payment information electronically, our lives would be vastly different.