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have to turn the card over to a cashier and it never leaves their hand."In response to WREG's report demonstrating the swiping of digital data, MasterCard said, "[I]'s important to point out that they can't do anything with that data," such as making an Internet phone purchase without the 3 digit CVC number printed on the card's back; nor could anyone create a phony magnetic stripe card.Credit card rules OK'd"No, there's not a move to limit interest rates we have a choice on credit card interest rates in Canada," Flaherty said after announcing the Harper government's nine point plan to more tightly regulate the industry in Canada.Credit card interest rates range from about 9% to twice that for bank issued cards, and typically from 19% to 28% for cards from department stores and other retailers."There are dozens and dozens of options for consumers some credit cards with higher interest rates offer more frills and benefits and points and various things," he said."Our concern is to make sure that consumers have easily available, clear information so that they can make informed choices."The regulations include a minimum 21 day grace period on credit card purchases if the outstanding balance has been paid in full.Express consent from the consumer will be required for any credit limit increases, and there will limits on debt collection practices, and a summary box of fees and charges