Security solutions for e-banking and e-commerce with credit/debit cards, Part 1: Analyzing the Security Issues. The author argues that credit and debit cards are not secure for online payments. He argues that card security controls were not strong enough to protect online payments from fraud. He also argues that smart cards have been available for some time, and they work very well (if correctly implemented) Chip and Pin technology recently introduced these cards have shown a reduction of 80% in overall card fraud.”]