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Thieves have discovered how to target chip cards by way of a exercise referred to as shimming. A paper-thin product called a shim is often slipped right into a card reader slot to copy the information stored on the chip card.Financial institutions and payment organizations are increasing safety by using chip technologies, detecting card and ATM fra
Once the information has been captured, it could be overwritten with a stolen bank card or transferred on the magnetic strip of a fresh card. × The offers that appear in this table are from partnerships from which Investopedia receives payment. This compensation may well impression how and where by listings look. Investopedia doesn't contain all
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