The age of the EMV credit card chip is here in the United States. You have all heard of it. “The EMV chip encrypts your credit card numbers in to random numbers,” says Samantha Charles of United Card Solutions. “After being received by the businesses bank, your encrypted information is then resent back to the merchants terminal for approval. This system is virtually impenetrable for criminals to steal,” says Charles. “After Europe implemented the EMV chip, they experienced a 98% drop in credit card fraud in face to face transactions,” states Charles.
According to the FTC, fake emails are being sent out to consumers, (often called phishing). These emails look, sound, and feel like they are being sent from credit card issuers and ask people to confirm their personal information or even worse, click on a fake link to install malware that harms your computer and leaves your computer at risk.
Charles says there are 4 things you can do to protect yourself:
1. Never provide your credit card number over email.
2. If you are not sure if the email you have received, then call your credit card company.
3. Never open links from unknown sources
4. Remain vigilant when it comes to your credit.
Chips will help to eliminate fraud, in the US, but as always this is a new system. Only 60% of business are actually processing credit cards using the dip technology enabling the EMV chips on cards. Until this percentage is higher and businesses are educated in the use, then fraud can still occur. Protect yourself as carefully as you can.
United Card Solutions can be reached at: firstname.lastname@example.org
Company Name: United Card Solutions
Contact Person: Samantha Charles
Phone: (844) 838-3085
Country: United States