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Monday, October 19, 2015

FTC warns consumers on new chip card scam - Oct. 19, 2015

The credit card industry is undergoing a massive change as it switches to chip-based cards, and scammers are taking advantage.


Banks have been sending out new credit and debit cards that have an embedded microchip to meet an October 1 liability change deadline. But not everyone has received a new card yet: A September survey showed almost 60% of card users haven't received a chip-enabled card.



FTC warns consumers on new chip card scam - Oct. 19, 2015

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