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Can the information on my payWave chip be used to commit other types of fraud against my account?

April 26, 2017chip fraud my account paywave types Used

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Can the information on my payWave chip be used to commit other types of fraud against my account?

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The security information transmitted during a payWave purchase is different from the other security features on your card. If the payWave transaction information was to be compromised, it would be essentially valueless. Security features used for magnetic stripe purchases and for online or Web purchases are not included in payWave transactions.