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Are the magnetic stripe cards still secure?

April 26, 2017cards MAGNETIC Secure stripe

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Are the magnetic stripe cards still secure?

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Cardholders should have full confidence in the security of the magnetic stripe cards. The move to chip technology represents a forward-looking evolution of electronic payments systems designed to make an already safe system even more secure. During the transition period to chip, magnetic stripe cards will continue to provide Canadians with a safe, reliable and convenient method of payment.