Nov 24 2012, 03:36 AM
QUOTE(louyeh @ Nov 17 2012, 10:34 AM)
Singapore LTA launched a new version for the Autopass card (chipless, only has magnetic strip) which can be used for public transport payment too.
Downside is that it is not accepted at majority of the current car park systems except for VEP and ERP payments. Current car park systems is NOT able to recognize the new Autopass card. New vehicles entering Singapore needs to purchase the NETS cashcard for car park payments.
ATM card issued by Singapore bank also are chipless with magnetic strip only (so far i know DBS, OCBC, StandardChartered ATM cards are chipless).Downside is that it is not accepted at majority of the current car park systems except for VEP and ERP payments. Current car park systems is NOT able to recognize the new Autopass card. New vehicles entering Singapore needs to purchase the NETS cashcard for car park payments.
Watch in the Astro's CI channel few days ago.
Hackers in US are able to hack into bank's computer system and steal their customer's ATM card pin and than they are able to clone the(magnetic type) ATM card and make unauthorised ATM withdrawals.
I would guess if the bank use chip type ATM card than it is impossible or more difficult to clone the ATM card even if the hackers have the ATM card's PIN.
http://www.asiaone.com/News/Latest%2BNews/...105-320153.html
This post has been edited by victim_of_malware: Nov 24 2012, 04:31 AM
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