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Smart move: Russia’s Central Bank promotes plastic cards with chips to avert €100 mn in fraud

13.08.2013 15:58

As bank card fraud increases, the Central Bank of Russia (CBR) is planning to combat the problem by inserting a chip into them. Last year Russian banks and their clients lost about €100 mln from swindlers getting access to card codes.

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Comments (4) Sort by: Highest rating Oldest first Newest first

 

John Nilsson 18.08.2013 10:03

Wow. This became obligatory in Sweden twelve years ago :)

 

Mark Toth 17.08.2013 15:45

Good for Russia ,all banks in the U.S. should do the same to protect its citizens from fraud!Russia has some good practices that we need to employ to protect its citizens from fraud!

 

karenj 14.08.2013 07:29

thats fine as long as their isnt a ton of illuminati , luceferian symbolism all over it.

 

Silk Salk 13.08.2013 18:53

We use those chipped cards for more then a decade, but the still do allow abuse

“In this case smart card ‘skimming’ is impossible, because one can’t fake a chip,” False

Skimm ing is still possible because there is still a magnetic stip that can be copied. skimmers copy the data to another card & use them in foreign countries where cash machines & shop's only use the magnetic strips

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