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Because the code is unique to a single transaction, it can’t be re-used to commit fraud even it falls into the hands of data thieves.Eventually, chip cards can virtually eliminate counterfeit payment card fraud.
Consumers receive an email from a recognized brand like Target, Costco, Home Depot, or Walmart about a recent in-store or online order.
Combating fraud is easy when you are fully aware of the types of scams out there and how to avoid them.
To make sure you’re the first to know about new scams—or old ones with a new twist—be sure to sign up for Visa Fraud News Alerts.
Visa will keep you up-to-date and at the cutting edge, ensuring the latest information and fraud-fighting techniques are always at your fingertips.
Here are a few of the latest headlines: Think twice before you click this holiday season.
Whether masquerading as a computer company or bank, this brand of fraudster usually requests consumers to share sensitive personal information, such as social security numbers or payment card account details.