To: Kaslin
The immediate answer lies in the thumbnail-sized computer chip found in my new bank card an EMV chip.
I got my brand new chipped card in August. Fraudulent charges were made on it 2 weeks ago. In 25 years with the same bank, I'd never had a fraudulent charge before.
8 posted on
11/26/2015 9:43:44 AM PST by
867V309
(Trump: Bull in a RINO Shoppe)
To: 867V309
I had concerns about that. I got my new, replacement card in the mail about 6 months ago with the chip in it. I cut it up and threw it away. My current one doesn’t expire for another year so... at least I got another year out of it. If I’m forced to use one, I guess I can always drill a hole through it and just utilize the regular mag strip
17 posted on
11/26/2015 10:00:43 AM PST by
FunkyZero
(... I've got a Grand Piano to prop up my mortal remains)
To: 867V309
Crud. I just got mine, too. I’ll be extra vigilant, now. Grrrrrr!
20 posted on
11/26/2015 10:09:51 AM PST by
Diana in Wisconsin
(I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
To: 867V309
A chip card can’t stop fraud from goods and services paid for over the phone or on the internet, particularly the former. That still depends on the old methods of possibly verifying the card holder’s address, age, card verification number, etc.
37 posted on
11/26/2015 1:54:40 PM PST by
-YYZ-
(Strong like bull, smart like tractor.)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson