3 ms·
> crooks can then clone payment cards and use them to siphon money from victim accounts at other ATMs. How? I thought all ATMs ignore the magstripe and just re
by tgsovlerkhgsel 4y ago
> crooks can then clone payment cards and use them to siphon money from victim accounts at other ATMs.
How? I thought all ATMs ignore the magstripe and just read the chip nowadays.
- zinekeller 4y agoThe US is just so backwards on this. a) You can still run transactions as magstripe-only transactions (without any PIN or even signature required) or b) copy the security code (which on most American cards are also encoded on the magstripe) and use it online (CNP transactions). If you're familiar with 3D secure, most American banks and merchants don't require 3D secure to buy.
- tgsovlerkhgsel 4y agoI'm aware of that, but this comment alleges that the clone can be used to withdraw money at an ATM, which I am skeptical of.