re: Debit card skimmer on ATMs Fraud

quote:

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I had just gotten the new debit card with the chip. We see how that helped.

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It is my understanding the chip is better protection for retailers, not necessarily the consumer. Basically, if you're not accepting the chip and a card is used fraudulently, the retailer has more liability. Accepting the chip helps prevent fraud occurring at your location.

Obviously there is a benefit for the consumer as locations with the chip are increasing, but until all locations use it, it isn't invincible.