How is EMV chip safer?

[Closingracer99]

---

@keithB wrote:

---

@slicemans wrote:

Anything is better than magnetc strip. Heck even RFID is better mag strip.

---

But they have both chips and strips, sooooooo.... Where is the safety?  Or am I missing something?

---

You arent using the strip if your using EMV or RFID

[keithB]

---

@Closingracer99 wrote:

---

@keithB wrote:

---

@slicemans wrote:

Anything is better than magnetc strip. Heck even RFID is better mag strip.

---

But they have both chips and strips, sooooooo.... Where is the safety?  Or am I missing something?

---

You arent using the strip if your using EMV or RFID

---

Yes, but isn't Walmart the only retailer that only uses the chip right now?  The 99.9% of other places are still using the strip.  Granted the consumer gets to self swipe more nowadays but not everywhere.  Skimming is still a very real problem as long as the strip is on back.

[Anonymous]

---

@keithB wrote:

---

@Closingracer99 wrote:

---

@keithB wrote:

---

@slicemans wrote:

Anything is better than magnetc strip. Heck even RFID is better mag strip.

---

But they have both chips and strips, sooooooo.... Where is the safety?  Or am I missing something?

---

You arent using the strip if your using EMV or RFID

---

Yes, but isn't Walmart the only retailer that only uses the chip right now?  The 99.9% of other places are still using the strip.  Granted the consumer gets to self swipe more nowadays but not everywhere.  Skimming is still a very real problem as long as the strip is on back.

---

Yes, at the moment it doesn't really increase safety, but as chip usage spreads that goes away.  And it can spread pretty quickly, as in the UK, where now only foreign cards get swiped.

[Jerry45]

Because the swipers on the credit/debit machines are being hacked easily. That is what happened to Target and Jewel Osco

[jamesdwi]

---

@keithB wrote:

---

@slicemans wrote:

Anything is better than magnetc strip. Heck even RFID is better mag strip.

---

But they have both chips and strips, sooooooo.... Where is the safety?  Or am I missing something?

---

the reader can tell if the card has the chip, and will reject the card if you try swiping  it, when everyone has the new readers that understand the chip, having the information from the strip makes a copy of your card useless, except for online that has no reader. But then the creditor has more options on authenicating the purchase, two factor, where they can send you a email, text message with a code you have to enter, also can compare the ship to address with your home address, ask you a security question, or any number of things that won't be possible with card reader in a store.

[keithB]

---

@jamesdwi wrote:

---

@keithB wrote:

---

@slicemans wrote:

Anything is better than magnetc strip. Heck even RFID is better mag strip.

---

But they have both chips and strips, sooooooo.... Where is the safety?  Or am I missing something?

---

the reader can tell if the card has the chip, and will reject the card if you try swiping  it, when everyone has the new readers that understand the chip, having the information from the strip makes a copy of your card useless, except for online that has no reader. But then the creditor has more options on authenicating the purchase, two factor, where they can send you a email, text message with a code you have to enter, also can compare the ship to address with your home address, ask you a security question, or any number of things that won't be possible with card reader in a store.

---

Well, for instance, my AMEX can't be swiped in Wal-Mart because their reader wont allow it due to the fact they have the chip reader.  But in my local grocery store it can be swiped.  So really, it is encoded 2 ways and the swipe way can be easily stolen.  Until a good percentage of companies get the technology and remove the swiping strip off the cards, it is just as vulnerable... Chip aint doing a thing.  Except when traveling in Europe, I suppose.

[Closingracer99]

---

@keithB wrote:

---

@Closingracer99 wrote:

---

@keithB wrote:

---

@slicemans wrote:

Anything is better than magnetc strip. Heck even RFID is better mag strip.

---

But they have both chips and strips, sooooooo.... Where is the safety?  Or am I missing something?

---

You arent using the strip if your using EMV or RFID

---

Yes, but isn't Walmart the only retailer that only uses the chip right now?  The 99.9% of other places are still using the strip.  Granted the consumer gets to self swipe more nowadays but not everywhere.  Skimming is still a very real problem as long as the strip is on back.

---

Naaa there is a thread going on somewhere i think FT? I googled EMV chips and some places in NYC accept it. Walmart is probably the only big corp using it right now though