Re: Chase call center employee arrested for stealing account information, making withdrawals
Chip technology IS supposed to make this more difficult - the problem is payment processors took a half assed approach to EMV rollout by providing a "deadline" where all merchants have to accept chip and all card issuers had to update their credit card or cover all liability for fraud occurring on non-chip transactions but then gave certain business sectors extensions or special accommodations to help "lessen the financial impact" of upgrading payment hardware. Also many retailers are afraid Americans will be pissed about the extra 5 seconds a chip transaction takes, which many are but boo hoo. All of this is why even in the fancy new chip POS terminals - half the time the store doesn't even take chip transactions despite having a slot for it & you can still just swipe a card without a chip since they don't want to break compatability with issuers who haven't bothered to update. That's why cloned cards are still a problem.
Fico8 (Nov '17) - EQ 692(+18) TU 678 (+34) EX 691 (+24)