Rhyming Riddle №25 — Can You Figure It Out?

Author AI-generated Image in and

Welcome to number 25 in my riddle poetry experiment! To learn more about why this project exists and how it will work to be interactive, check out the series introduction here:

Rhyming Riddle №1

Poem Riddle №25

I came into existence in 1950, paving a new way to pay,
Following Luhn’s algorithm, checksum validation every day.

In 1958, Bank of America began my distribution
Without concern regarding a lack of solicitation.

Upgrades like magnetic strips, RFID, and EMV chip
Americans, on average, have four of me in their grip.

Worldwide annual losses exceed $30 billion in fraud disputes
Impacting lives profoundly, even when I am not in use.

What am I?

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Let’s Hear Your Critique