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Started By
Message
re: Debit card skimmer on ATMs Fraud
Posted on 8/11/17 at 12:48 pm to cajunangelle
Posted on 8/11/17 at 12:48 pm to cajunangelle
quote:
he said debit card used in my case had a chip. they tried to hit an ATM 4 times got shut down.
Its not enough to have a chip in the card.
If you swiped the card, you didn't use the chip.
And I have yet to see an ATM in the US use chips.
This post was edited on 8/11/17 at 12:49 pm
1
Posted on 8/11/17 at 12:57 pm to cajunangelle
quote:
Sorry if I missed this in explanation. Does the US have the capability to use the chips in debit cards?
Its all about the merchant. They have changed the rules however moving the burden of fraud onto the merchant however IF they do not use chips.
I see more and more stores adopting the chip and/or NFC.
For instance, when I swipe a chip CC at Wal-Mart (INB4 TRASHY), it declines the transaction and asks me to insert it into the chip slot.
Wal-Mart wants no part of that fraud liability.
Posted on 8/11/17 at 1:02 pm to Volvagia
quote:
Wal-Mart wants no part of that fraud liability.
I'd bet at least .01% of Wal-Mart's daily revenue is fraudulent, which in WalMart scale is pretty significant. That'd be around $13,000,000 alone.
Posted on 8/11/17 at 1:03 pm to Volvagia
Yea hell with it. Bottom line - chip is safer than swipe.
Posted on 8/11/17 at 1:15 pm to efrad
quote:
Underutilization can also be bad for your credit score
Yep. Also canceling or letting one in your name go so long without a purchase and it expires do the company cancel it. All bad for your credit
Posted on 8/11/17 at 1:36 pm to efrad
quote:
Never use a debit card. Use a credit card. Better protection and if the number is stolen they're stealing from the credit card company not your bank account.
Posted on 8/11/17 at 6:19 pm to cajunangelle
Using a credit card works great but you can still use the debit card and run it as credit and have the same protection
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