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Does the introduction of chip credit cards mean that the magnetic stripe is not secure?

April 26, 2017chip credit cards introduction MAGNETIC mean Secure stripe

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Does the introduction of chip credit cards mean that the magnetic stripe is not secure?

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Protecting your credit card from fraud and theft is very important to us. You should have full confidence in the security of your magnetic strip cards. The migration to chip technology represents a further enhancement and evolution of the electronic payments system and is designed to make your credit card even more secure.