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Solving the Problem

"Chip reader error please try again"
My opportunity has to do with debit and credit card chips that stop working before the card expires. I think that while the chip card has probably made using a debit or credit card more safe, and you are less likely to get your account hacked, it makes life a little bit more difficult when your chip no longer works. There should be a solution to this, while Apple pay and Samsung pay are great options, they are not accepted everywhere, making switching to just that not a reliable or practical solution. I think that there should be a more sturdy way to make the chip cards so that they do not break as quickly. Cards are used by almost everyone every day and therefore, they should be improved with the technology we have available to us. I would not be selling my product to individuals exactly, I would more be selling to banks and banking institutions to help them make their customers happier. I think that while it would be an initial investment for the banks, in the long run, it would cost them less in card replacements. 

Comments

  1. Maria SlateFebruary 9, 2020 at 8:32 PM

    Hi Riley. This is a very interesting idea. I have never experienced any trouble with chip cards and was unaware that this was an issue. I thought that if a chip reader doesn't work, you could still swipe the card the old fashioned way. I may be wrong but that was my initial thought while reading this. Like you mentioned, many people use Apple and Samsung pay so I don't know how many people are really in need of a better version of a chip card. Just a thought to keep in mind! Good luck.

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