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EMV is not synonymous with contactless, though that feature is part of most, if not all, EMV terminals. Nonetheless, it is optional. The liability shift require
by nulbyte 7y ago
EMV is not synonymous with contactless, though that feature is part of most, if not all, EMV terminals. Nonetheless, it is optional. The liability shift requires you support EMV, but doesn't require you support contactless.
- ceejayoz 7y agoAnd as such, doesn't really protect you. The merchant may use the chip for the transaction, but the card numbers and PIN are still capturable via a camera.
- Symbiote 7y agoIt then becomes much easier for the bank to deny transactions that don't use the chip. Swiped transactions become suspicious.
- ceejayoz 7y agoSure, if the victim never purchases anything online.
- Nextgrid 7y agoYou are not liable for card-not-present fraud (without 3D-Secure) so feel free to dispute the transaction and get your money back.
- ceejayoz 7y agoI'm well aware of the recourse available. It's still not much fun having to go through all of one's subscriptions and saved payment methods, and it costs us all in the aggregate. Repeatedly compromised cards can get your bank to consider you too much of a risk, as well. The solution is quite simple: require contactless payments be accepted at the pump.