Credit card numbers will continue to live on

By Mozo ·

Many financial experts have predicted that the credit cards we use today will die out as more sophisticated technology comes to market.

There has already been a big shift in the industry, with a lot of people embracing contactless payments and even mobile phone transactions.

Near field communication technology looks set to revolutionise credit cards, as it enables users to pay for items simply by flashing their plastic against a point-of-sale scanner.

However, predictions that traditional cards with long numbers emblazed across the front will soon become extinct appear to be premature.

Leaders at some of the world's most recognised credit card suppliers believe that the raised numbers on cards are still useful even though chip and PIN technology has become all the rage.

Many merchants still use older payment processors as a backup to more modern systems. A lot of these machines still require the embossed digits on a card in order to complete transactions successfully.

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