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Chip&PIN is a red herring here, your data is just as compromised as it'd be with a magstripe card. EMV does not protect your card information.
by jdong 12y ago
Chip&PIN is a red herring here, your data is just as compromised as it'd be with a magstripe card. EMV does not protect your card information.
- amckenna 12y agoIt doesn't protect the information but it does protect a user from the re-use of the information because the physical card is needed to perform an EMV transaction. Banks are switching to the EMV system because they can place the liability on the merchant if a fraudulent transaction is performed through them when they could have required an EMV transaction (thereby preventing the fraud).
- jdong 12y agoExcept that information can be used online...
- JimmaDaRustla 12y agoExcept they don't have the CVV, so, no...no it can't.