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Eventually, chip cards can virtually eliminate counterfeit payment card fraud.
Chip card technology also supports mobile payments, so the investments the industry makes today will help accelerate new innovations now and in the future.
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Here are some tips to help you identify which transactions are naughty and which transactions are nice: Certain customer behavior could point to card fraud, but it doesn’t necessarily indicate criminal activity.
explains, cardholders will have to “insert” their card face up into the terminal rather than “swiping” it.
Similar to non-EMV transactions, cardholders will then either sign for the purchase, enter a PIN, or do nothing at all for some quick every day transactions., the person on the other end of the line represented herself as being from the Microsoft Windows Security Center. Lott taken the bait, the fraudulent “fee” he would have lost would likely pale in comparison to the potential of having his computer hacked.
If this happens to you, dial the number on the back of your payment card to verify the call.
Never use the telephone number the caller provides.
The most important thing to remember in these situations is to never give personal information to someone who calls you.