Skip to content

Don’t fall for this chip credit card scam

October 20, 2015

imagesThe credit card industry is undergoing a massive change as it switches to chip-based cards, and scammers are taking advantage.

Banks have been sending out new credit and debit cards that have an embedded microchip to meet an October 1 liability change deadline. But not everyone has received a new card yet: A September survey showed almost 60% of card users haven’t received a chip-enabled card.

The uneven distribution of new cards is leaving a window open for scams.

Continue reading

From → Consumer

Comments are closed.