I saw a news report that said my payWave card is easy to read and not secure. Is this true?
The security features of the chip change each time the chip is read. Therefore, the information that is read cannot be reproduced to perform future transactions. Additionally, the security information used for payWave transactions is completely different from the security features used for magnetic stripe purchases and for online or Web purchases. The reality is that payWave purchases are the most secure way to use your card. Visa has never had a single reported case of fraud committed due to a payWave-related compromise.
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