If fraud occurs when a magnetic stripe card is swiped at a chip-enabled terminal, the bank is still responsible for the fraud. American Express will transfer liability to business owners on Oct. 16.

The chip in my credit card uses encryption, which means it scrambles my information so that only the bank can read it. This makes it really hard for anyone else to steal my data.

1. Legitimate emails from card issuers should be short, to-the-point notifications that your new EMV card is being mailed, perhaps with an “expect within 10 days” timeframe.

Credit Cards: EMV chip technology, mandated by the RBI for debit and credit cards, enhances security by creating unique, one-time codes for transactions, making it difficult for fraudsters to ...

Bottom line, never give that chip to anyone. If you’re throwing out your credit or debit card, make sure you’re cutting up the chip too.

Tap. Pay. Done. Contactless credit cards and debit cards make it possible to "tap," or hold, your card over a payment terminal to facilitate a payment.

Experts said the flaw will only bolster complaints by retailers who argue they were forced by banks to accept chip-based cards. Retailers allege the chip upgrade could cost them $25 billion.

If you've experienced confusion in the check-out line, you're not alone. As more and more businesses move to credit card chip readers, some consumers are fed up with the inconsistencies. Author ...

*Refers to the latest 2 years of stltoday.com stories. Cancel anytime. This June 10, 2015 photo shows a chip credit card in Philadelphia. (AP Photo/Matt Rourke) When it comes to mixing convenience ...

The card reader approval process is determined by each credit card company and some have been much slower to approve readers. This has left many merchants, especially grocery stores, accountable ...