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They do but if you are a tourist getting money from this machine it might not have a chip (i.e. most US debit cards). Even if you are using a chip and pin they
by yardie 10y ago
They do but if you are a tourist getting money from this machine it might not have a chip (i.e. most US debit cards). Even if you are using a chip and pin they still use the ancient magnetic strip and PIN when getting money abroad. As I learned when I used my Eurocard in Puerto Rico. The machine was the older dipping kind; it felt odd to have the card in my hand while typing in the PIN.
- patcheudor 10y agoYup! It's reading the magstripe of the card and that means it gets the account holder name, card number, expiration, and CVV. Being in a tourist location it will get that information from a lot of cards which can then be used to make online purchases, etc.
- amenghra 10y agoYou are missing a step between the stealing and the online purchase. For online purchases, banks validate the CVV2, which is not the same as the CVV on the magstripe.
- kweks 10y agoThe magstrip has a bit that declares whether or not the terminal should require a PIN. Flip the bit, write to a blank card, and make purchases.