I have had cards from which the mag stripe has been bashed simply by riding around in my wallet for six months. If high-density stripes are going to work, they have to physically protect them better. My friends, Some of you are fooling yourselves. But I'll make you a bet. I can think of half a dozen governmental agencies which would scream bloody murder at the very idea.
Convenience is one thing.
I hope that there are those of you who agree with me. If this is the case, it wouldn't matter if someone had a college-days fling that was discovered fifteen years after they finished college, since it would be too late to prosecute. Someone can always force you to transfer money to them. I can just see having to visit the bank to lend a friend money. One solution to this problem is to take a step backward.