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Wednesday, November 4, 2015

Whistleblowers Against Fraud: What Are Chip-Enabled Credit Cards?

By Bob Oliver


You might have seen recent credit cards feature unique images on the front. What these mean is that the cards in question are chip-enabled, which is a new security measure that has been built into them. This is an intriguing topic, to say the least, and I am sure that the likes of Whistleblowers Against Fraud can say the same. With that said, for those who are curious to know why these new cards are so important, these details should make things clearer.

Chip-enabled credit cards, more than anything else, are built with security in place. When you make a purchase at a store, the chip in question is used to fulfill the transaction. However, the information on your card is not brought into store computers, meaning that there is a potentially greater degree of relaxation that people can enjoy. Many retailers have made adjustments because of the inclusion of these cards, and it's easy to see why.

If you haven't received a new card with this chip enabled, please note that this is still a relatively new device. More likely than not, you will receive it when it comes time for a new card to be sent your way. What this means is that you haven't been forgotten about; it's just a matter of staying patient and remaining aware of what comes into your mailbox. Authorities such as Whistleblowers Against Fraud can say the same.

Even though you'll have a chip-enabled credit card at your side, this doesn't mean that you shouldn't exercise care. Keep in mind that unfamiliar charges can be made, meaning that you should address concerns like this as early as possible. Ideally, you should contact your bank as soon as you see these charges, so that they can help you through this process. Such a strategy is crucial, and Whistleblowers Against Fraud will not say differently.

Hopefully now you have a better understanding of what your chip-enabled credit card has to offer. To say that this device is worthwhile would be an understatement, not only for security reasons but for the purpose of purchasing numerous products as well. Understand that some retailers are more trustworthy than others. As a result, you should be selective about who you do business with. Suffice it to say, you'll be better off as a result.




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