Have you have issues with your chip cards being compromised?

[tvguy]

A post on my FB feed is blowing up today with people who have, or are going to switch back to swipe only credit and debit cards after repeatedly having their chip cards compromised?

Anyone here had an issue?

 

[Action City]

A post on my FB feed is blowing up today with people who have, or are going to switch back to swipe only credit and debit cards after repeatedly having their chip cards compromised?

Anyone here had an issue?

LOL Good luck with that. Chip cards are becoming the standard and swipe only is well on its way out. I've had my cards compromised three times before the chip technology was implemented and not once since it was.

 

[Hikergirl]

Are these people positive that their cards are being compromised at POS in stores, or have they also used those cards online?

 

[lynxstch]

I have had my chip card for more than a year, and have had no issues with it at all

 

[sksjasams]

My debit card with a chip was compromised. Two fraudulent charges.

 

[jrmasm]

No issues.

 

[barkley]

we've had 4 chipped cards (3 credit/1 debit) compromised in the last 6 months. luckily fraud detection within the individual companies detected them, immediately contacted us and shut the cards down. with the exception of 1 all the rest attempted to do out of the country purchases. never had this issue with my no chip cards.

 

[Meriweather]

No issues so far, 3 credit, 1 debit

 

[Domo]

All three systems are flawed.

Swipe and sign - I once signed off as Richard Branson in a Virgin Megastore. No-one noticed.

Chip and Pin - people behind you in a queue can note the PIN you hammer in, nick your card and clean your account. Also not good.

Contactless - People can buy swipe machines, swipe your pockets deftly and deduct £25 from your account without anyone noticing. If they do it enough, no-one's the wiser and they get serious cash.

 

[soccerdad72]

No problems so far

 

[mamamary]

No problems so far in my family.

 

[Sadie22]

The only problem I have had is I accidentally signed my name across the magnetic swipe strip on a chip card. I used Sharpie marker. I haven't come across a swipe machine to test it in. I don't think it's damaged.

 

[Luv Bunnies]

Someone used our chip card in November to put a deposit on a European vacation using a booking website. Then they used it to book a trip with an expensive car service, and made a $600 donation to end world hunger. We didn't have to pay for any of the charges, but it was a hassle to report it all to the credit card company and have to wait for new cards to arrive before we could do our online Christmas shopping.

I don't think it has anything to do with the chip vs. swipe cards. We also had fraudulent charges on our swipe card a few years ago. If you shop online or use your card for autopay, any number of people have access to your card info. You hand it over to store clerks and restaurant servers who can easily write down the number, expiration date and verification code while they're running your bill. Unless you know you ran your card through a skimmer, it's really difficult to know exactly where and by whom your card was stolen.

 

[tvguy]

Are these people positive that their cards are being compromised at POS in stores, or have they also used those cards online?

I have asked, not heard yet.

 

[tvguy]

All three systems are flawed.

Swipe and sign - I once signed off as Richard Branson in a Virgin Megastore. No-one noticed.

Chip and Pin - people behind you in a queue can note the PIN you hammer in, nick your card and clean your account. Also not good.

Contactless - People can buy swipe machines, swipe your pockets deftly and deduct £25 from your account without anyone noticing. If they do it enough, no-one's the wiser and they get serious cash.

We have had a few issues with skimmers being placed on POS machines around here too.

 

[Hikergirl]

I have asked, not heard yet.

I think gas stations are high up on the list for scammers to put skimmers. None of the pumps here have chip readers so you still have to swipe your card. So, even if they didn't use it online it is still possible for it to get compromised at some places that still use swipe readers.
(Not saying it isn't possible for "chips" to be compromised, just that it is very plausible it was through the internet or swipe instead).
If you hear back, please give us an update.

 

[BLAZEY]

No problems here, since having chip cards. I've had them for 10+years.

 

[robinb]

The chip alone is NOT enough security. Chip and pin is the way to go but the credit card companies don't want to make the changes. They would rather absorb the cost of fraud than spend the money to make chip and pin standard here in the US. They don't give a crap if people are inconvenienced.

FWIW, my chip cards have been just fine.

 

[starstruck93]

Last night I received a call from USAA that my credit card was stolen from the gas pump at our local 711 ... after multiple “test charges” my information was sold to another party in the Dominican Republic who then tried to charge 3k at a computer store. When I asked if they had contacted the 711 owners or the local police regarding the skimmer device I was told “no.” The way they caught it was right after my $30 charge for gas there was an even $100 immediately at the same gas pump. This was a chip card... the information was stolen by a skimmer device inside the pump.

 

[BLAZEY]

The chip alone is NOT enough security. Chip and pin is the way to go but the credit card companies don't want to make the changes. They would rather absorb the cost of fraud than spend the money to make chip and pin standard here in the US. They don't give a crap if people are inconvenienced.

FWIW, my chip cards have been just fine.

I found it odd that the US didn't adopt this faster. We've had chip and PIN for over 10 years in canada and even long in Europe. It's definitely more secure than swiping and signing or swiping and PIN. The CHIP is much more difficult to make a duplicate card and It has to be in the reader at the time the PIN is entered.