![]() However, the most skilled criminals are sometimes able to access CVVs, even though merchants are prohibited from digitally storing them. Not surprisingly, this has been very effective at reducing fraudulent activity.īut what about CNP (card-not-present) transactions, such as those taking place online or over the phone? Clearly a physical chip will not be helpful this is why there is a CVV printed on your card. This technology enables the internal code to change each time the card is read, a vast improvement on the magnetic strip. You may need a new card.īanks and merchants stepped up security for in-person transactions with the introduction of chip-based debit and credit cards. If there’s a charge you don’t recognize, contact your bank immediately. ![]() ![]()
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