Even though chip technology offers more robust protection for card transactions than magnetic swipes, it’s not infallible. Fraudsters are always looking for ways to tap into your card.

While chip-enabled cards provide an additional layer of safety compared to magnetic stripe cards, the technology is not immune from being compromised. Chip cards change your information in a ...

According to a report by Visa, the adoption of contactless cards in Europe led to a 30% reduction in fraud compared with the incidence of fraud using traditional magnetic stripe cards. If you are ...

Criminals then copy that information onto another card with a magnetic strip they can use. It is estimated that skimming costs financial institutions and consumers more than $1 billion each year.

Tens of thousands of Aeon card users were hit by scammers, who used stolen data to make fraudulent transactions. The Japan Credit Card Association and major credit card companies say they are ...

Furthermore, the rollout of this image tool to free-tier users has been delayed due to higher-than-expected demand. OpenAI emphasizes refining its policies based on user feedback. Image credits ...

You can learn more about Apple Card and its varying perks here. Are you an Apple Card user? What do you think about Apple’s savings account offering? Let us know in the comments.

Farmers can now use a magnetic stripe card with a PIN or biometric authentication to withdraw cash from ATMs or micro-ATMs, a feature aligned with the scheme’s 2012 upgrade. Banks like Indian Bank ...

The system will be similar to the London’s Oyster card service but, instead of payment, the ID cards will log users on the ...

Modern technology of course with comes with issue of card cloning. And since card cloning is on the rise, the microbank has decided to replace the magnetic stripe card to chip-based cards. “So we want ...