Sunday, December 24, 2017

Chip debit cards reduce fraud

I forget the reference, on a payments web site likely.
I don't know why. The protocol is the same as with magnetic strip, except more information can be held in the chip. The most likely cause is that POS terminals got upgraded. The new terminals have you hold the card in place that it can access it twice.  I dunno what' going on, but fraud is down.

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