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Does the introduction of chip VISA Debit cards mean that the magnetic stripe is not secure?

April 26, 2017cards chip Debit introduction MAGNETIC mean Secure stripe Visa

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Does the introduction of chip VISA Debit cards mean that the magnetic stripe is not secure?

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Protecting your VISA Debit card from fraud and theft is very important to us. You should have full confidence in the security of your magnetic strip cards. The migration to chip technology represents a further enhancement and evolution of the electronic payments system and is designed to make your VISA Debit card even more secure.