Do Chipped Credit Cards Protect Against Fraud?

Everyone agrees that credit and debit card fraud is a huge problem that costs consumers, merchants, and card-issuing banks billions of dollars per year. Making cards more difficult to ‘clone’ is one measure that can cut fraud dramatically. So-called ‘chipped cards’ using embedded microchips are much safer, but do they eliminate all danger? Here is how chipped cards compare to traditional magnetic-stripe cards…


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