Are you using a Contactless payment app like Apple Wallet, Samsung Pay, Walmart Pay, Android Wallet? Virtually Impossible to Duplicate The microprocessor chip embedded in traditional and contactless chip cards generates a cryptogram, which is a short piece of encoded text that masks and, therefore, protects payment information. The chip also creates a difficult-to-forge digital signature when the transaction is...
Read More
EMV - which stands for Europay, MasterCard and Visa - is a global standard for cards equipped with computer chips and the technology used to authenticate chip-card transactions. In the wake of numerous large-scale data breaches and increasing rates of counterfeit card fraud, U.S. card issuers are migrating to this new technology to protect consumers and reduce the costs of...
Read More
Never Ever Give a Copy of Your Credit Card Recently I was told that a doctor’s office asked for a credit card to copy and “keep on file”. OH NO!! Do NOT do that. If you give your credit card to ANYONE you are authorizing him or her to use it, at his or her discretion. By all means, pay...
Read More
Credit Card Skimmers Credit card skimming can happen almost anywhere. The one we hear about most is at the gas pump. A device is attached over top of the credit card reader so when a card is run the reader copies all your card information. A counterfeit card is then made and used either online or where a chip card...
Read More
Chip Card vs Swipe Card - Credit Card Security Does it matter if a store doesn’t have a machine that accepts chip cards? YES, YES, YES!!! A chip card protects your identity from being stolen. Merchants were required to have them installed by October 2015, YES over a year ago. Most don’t understand that they now may have to cover...
Read More
