Tuesday, August 16, 2016

Chip Card Fraud is Happening

A quick note that I have received a few calls now from retailers who have been the victim of fraud specific to stolen chip based credit and debit cards being swiped instead of inserted/tapped.  The losses have been in the $30 to $60 but I'm sure that will continue to increase as thieves search out businesses without the proper equipment to process a chip card transaction.

Just a word of caution to those of you who have not yet implemented the equipment to processing the new chip based credit and debit cards.

No comments:

Post a Comment