Credit Cards Track Purchase Location – Credit cards are helpful today as they are considered an alternative for hard cash. Moreover, evolution has brought a lot of benefits with itself too. One of the benefits is the security of money that a customer has.
Do Credit Cards Track The Purchase Location?
Credit cards are a new thing nowadays. Most people use credit cards as they have multiple benefits over carrying around cash. Many people living in the United States of America say that credit cards have been an excellent alternative for money for several reasons. Most people might not get the concept as it is still very confusing. Allow me to explain so that people have a clear idea about the whole picture. Credit cards are considered to have a considerable advantage because of the size of the card.
Let us not compare both of the entities to each other. First of all, we will talk about the entity of credit cards, and secondly, we will talk about the entity of money. Let us suppose that a person goes to buy a house for himself. People living in the United States of America say that buying a home in the United States of America is quite expensive. It ranges from 200000 dollars to 5000000 to buy an average-sized house in a mid-range environment. Suppose the person goes to look at the home and decides to buy it. The next step will be paying the person who owns the house. If he pays by cash, the person will have to pay for bags of money. It is not safe to carry out a bag full of cash around the city to buy a house.
Credit cards can be called movable banks
Most people might not be able to understand fully, so allow me to explain so that people have a clear idea about the whole concept. If a person carries around a bag of cash, there is a very high chance that the bag of money will get stolen. People living in the United States of America say that the crime rates are very high in the United States of America. Furthermore, it will also no be convenient. It is common sense that carrying around a whole bag of cash is going to be very tiring. Instead, people use credit cards. We can also say that credit cards can be called movable banks.
Most people might not be able to understand the whole idea behind it. So, allow me to explain so that people have a clear idea about the entire concept. When a person carries around a credit card, he will access his bank account through that credit card anywhere in the world. It means that if a person takes his credit card out of the United States of America, he will still be able to use it at outlets located in other cities. As a result, we can call them portable or movable banks.
However, let us now get to the central concept. Do you think the credit card locations are tracked at purchase locations? The simple answer is that people can track the location of the credit cards at the sites. There is a straightforward concept behind it. Most people might not understand it so, allow me to explain so that people have a clear idea about the whole picture. Let us talk about the chip that is inserted into a credit card. The chip holds excellent value.
The current from the ATM will travel into the credit card
Let us describe the function of the chip. Let me give you a task. Please take one of the newer credit cards with a chip in them and look at them carefully. I would suggest you look at it using a magnifying glass. When you look at it carefully, you will notice small blocks on the chip. Now, most [people might have a question in their minds about these small blocks. Allow me to explain so that people have a clear idea about the whole concept. The small blocks act as storage containers. It means that they will store sensitive data such as the name of the person, the ID of the person, the PIN code of the person, and the account number of the person.
Moreover, you will also be able to see some wires. You will notice that the cables connect the different storage containers. Furthermore, these wires will help in transferring the electricity successfully through the credit card. Moreover, they also act as connectors. Allow me to explain so that people have a clear idea about the whole concept. When the person connects a credit card to the ATM, the current from the ATM will travel into the credit card. It will travel to those tiny lines.
The data on the chip is connected to the cloud computing server kept in the credit card company. There are two ways a transaction will be possible. One way will cause direct marketing, and the other one will cause an indirect transaction. Most people living in the United States of America will not have a good grasp of the idea. As a result, it allows me to explain that people living in the United States of America have a clear idea about the whole concept.
The first method is a direct transition
The first method is a direct transition. It means that once the transition is completed, the server in the credit card company will receive the details of the changes. Let us not discuss some of the points received by the servers kept in the secure rooms of the credit card company. The first step will be the authentication step. When the credit card is inserted into the ATM, the person will have to insert a PIN code. Once the PIN code is entered, it will have to be authenticated to correct it. Authentication is necessary because if another person tries to access the credit card illegally, there will be no grant of permission. Moreover, there are other benefits related to the authentication process. One of the advantages is that there will be no theft of money.
Allow me to explain the remaining steps to the people living in the United States of America. The next step includes the deduction of money. Once the money is deducted, the person is also informed that the amount has been removed. When the amount is deducted, the person will get an email or an SMS confirmation. Moreover, keep in mind that there will be much other stuff related to the use of chips in the credit card. The most important thing is the location. Let me explain further so that people living in the United States of America might have a clear idea about the whole concept.
The credit card companies have all locations of their ATM and POS machines. It means that when a person transacts an amount, it can be easily tracked by the credit card company. The credit card company will receive the exact location coordinates and the branch name of the place where the person took out the money.
Is It Possible To Track The Live Location Of A Credit Card?
It is a very complex statement and will require a lot of focus and concentration. Moreover, people also face a lot of confusion regarding the location of the credit card. Allow me to clear out everything so that people have a clear idea about the whole concept. First of all, let us see the two types of credit cards available in the market. Secondly, we will talk about how it is not possible to track the location of each type of credit card.
The first credit card is the magnetic strip credit card. Most people living in the United States of America say that they have shifted towards chip-embedded credit cards. However, some people living in the United States of America say that they still use traditional credit cards. Let us no describe the structure of the magnetic strip credit card. The magnetic strip credit card is just like a typical card, but the only difference is that it has a magnetic strip over it. The magnetic stripe on the credit card is one of the essential parts of the credit card.
Let me explain further so that it is easy for people to understand the whole concept. When the magnetic strip credit card is made at the factory, first of all, the magnetic strip is charged. Secondly, it is placed on the credit card. The magnetic strip is glued onto the credit card. Moreover, a magnetic laser will burn data on the magnetic stripe. As the data falls on the credit card, it will be absorbed into the magnetic strip. When a person takes a credit card for shopping, you must have noticed that the card is swiped. The swing action will help the machine in reading the data on the magnetic credit card.
Most of you might be wondering as to what is stored on the magnetic strip
Moreover, most of you might be wondering as to what is stored on the magnetic strip. All the essential information such as the date of birth, the person’s name, the person’s ID number, and the account number are stored on the credit card. Moving on, most people will have a question in their minds about how people will track the live location? Allow me to explain so that people have a clear idea about the whole concept. It is common sense that the magnetic properties of any other card have no relation with cloud storage.
This would help if you kept in mind that the credit card data is not stored on vast amounts of paper. It is simply impossible because there are millions of people using credit cards. Moreover, most people living in the United States of America also use credit cards. Furthermore, we can also say that each person doesn’t need to have only one credit card. As a result, it would become impossible to store all that data on paper. Now, most of you might be wondering where the information is store. Allow me to explain so that people have a clear idea about the whole concept.
Almost all banks in the United States of America are digital banks. It means that they have stored virtually all their data on computers. Furthermore, these banks also have multiple servers that help in storing and managing the data. The server computers are enormous and are held in separate air-conditioned halls to keep them cool and safe. When a person makes an account inside the bank, the bank will upload all the customer data on the server. It means that you will have a separate memory slot on the server machine.
These server machines are essential as they help in determining the location of a credit card
These server machines are essential as they help in determining the location of a credit card. However, when we talk about magnetic strip credit cards, we cannot store such data on the server machines. There are several reasons why we cannot hold the data of the magnetic stripe cards on the server machines. It is because the magnetic properties do not have anything to do with the servers. Moreover, there is no way to store such data on the servers.
However, most people living in the United States of America say that it might be possible to store magnetic strip credit cards on the servers. Keep in mind that these people are wrong. Let us suppose if it is true. Even if this phenomenon was true, the transfer time will be so long that people wouldn’t even use it. Moreover, the banks would also not use it.
Let us now talk about the live location of the newer credit cards. The more unused credit cards have a digital chip embedded into them, and it is used by almost every person living in the United States of America. Credit cards are much more secure than any other credit card ever made. The chip on the credit card has sensitive data stored on it, such as the ID card number, the name of the person, the PIN of the person, and the account number of the person. Furthermore, there are other perks involved with using a chip-embedded credit card. The chip-embedded credit cards provide much faster data transfer.
People living in the United States of America can better understand the whole idea
Most people might not get the concept to explain so that people living in the United States of America can better understand the whole idea. When we talk about the chip, everything becomes digital. It means that there will not be any technology difference, and hence It will drastically reduce the time taken for the process. Moreover, let us not talk about the live location of the credit card.
In simple words, then there is no way people will trace the live location of a credit card. There are several reasons why the live area of the credit card is not traceable. Most people living in the United States of America might say that since the chip is digital, it can connect to some software of the credit card company. However, that is not true. Most people might not get the concept as it required a deep understanding of the concept. As a result, allow me to explain so that people have a clear idea about the whole concept. We need to understand the functioning of the chip. Keep in mind that any chip created in the world cannot run by electricity.
The credit card will become void
It means that if the chip does not have electricity, it will not be traced. Furthermore, it is not feasible to attach a portable battery to a credit card as the whole idea of the credit card will become void. The same is the case with a sim card. When you go to a mobile tracking agency, they will clearly say that organizations can track the mobile device if the sim card is inside the cell phone. It is because when the sim card is inside the cell phone, it will have electricity. As a result, the sim card will be active. The same is the case with the chip inside the credit card. It will have electricity when the credit card is inserted into a machine, and hence the live location can be tracked when the credit card is inserted into the ATM for a few minutes.
