Online fraud is rising, thanks to those fancy chip cards

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Source: Online fraud is rising, thanks to those fancy chip cards

The shift to chip cards has been something of an ordeal for US consumers. They’re slower than magnetic stripe cards when checking out at the register, and generally cumbersome to use. And their greatest attribute—increased security for in-person transactions—is having an unwelcome knock-on effect: they’re spurring an increase in online fraud, which could accelerate in the coming years…

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