Despite intro of chips, credit card fraud still a risk, FBI

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Image Source: Article

It's not the chip cards themselves but the slow adoption of the platform in the U.S. that is leaving consumers vulnerable to credit card fraud, an FBI representative said in a recent interview with The Washington Times.

The new technology rolling out across the U.S. – so-called EMV cards (an acronym for Europay, MasterCard, Visa) – adds a chip to traditional cards which must be inserted into new hardware in order to be accepted.

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