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OT Purpose of cc chip
OT
Thinking of going to Guatemala, to see how it compares to 1971. 12 tips to traveling in Guatemala, some sort of silly (Don't rush to join a demonstration.). But this one is curious. Quoted in full: 10. Don’t Use Public ATMs There are many scams where thieves attempt to steal credit card numbers and PINs from ATMs Good advice. A problem in the US too. . Many tourists have been victims of credit card scams where their card information is stolen and fraudulently used. More about the topic. And even though ATMs are readily accessible, most of them are too old to even read the chip in your new bank card. That’s even more reason to always have some cash on hand. I thought the chip was there for the owner of the ATM or the merchant who was giving money or things in the transactiion, to give him further assurance that the card is good. Not to benefit the cardholder. That's why the banks told these merchants that if they didn't get new card readers, they wouldn't be reimbursed for money fraudulently obtained from them. (if the chip would have prevented it, I assume) But are there not still thousands of such card readers at merchants in the USA who don't want to spend the money for a new reader? And even if not, if the ATM in Guatemala can't read the chip, it can still read the magnetic strip, and it will still give you money, Yes? --- This email has been checked for viruses by AVG. http://www.avg.com |
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