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View Full Version : Will chip-based cards succeed in reducing credit card fraud? - Economic Times



FraudNews
07-22-2013, 07:20 AM
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGSfDewAGbOaoX2GiRjzv tm-mnu8gamp;url=http://economictimes.indiatimes.com/personal-finance/credit-cards/news/will-chip-based-cards-succeed-in-reducing-credit-card-fraud/articleshow/21187893.cmsimg src=//t1.gstatic.com/images?q=tbn:ANd9GcQIXyFSQ2Jkf-ZDTKX26ZDrNo4PKpgdMWv-bZOi4E0PUSCppCt1uG8a7a35 alt= border=1 width=80 height=80 /br /font size=-2Economic Times/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGSfDewAGbOaoX2GiRjzv tm-mnu8gamp;url=http://economictimes.indiatimes.com/personal-finance/credit-cards/news/will-chip-based-cards-succeed-in-reducing-credit-card-fraud/articleshow/21187893.cmsbWill chip-based cards succeed in reducing credit card bfraud/b?/b/abr /font size=-1bfont color=#6f6f6fEconomic Times/font/b/fontbr /font size=-1If you have read the recent reports on the `30 crore credit card bfraud/b, which affected a large number of Indians, you are probably wary about using plastic money. The scam was facilitated by compromised swipe machines at retail outlets. Does this mean b.../b/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.co.za/news/more?ncl=dyHAS8_0HKrQNsMamp;ned=en_zanobrband morenbsp;raquo;/b/nobr/a/font/div/font/td/tr/table

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