Select Page

In a recent news story, ABC 7 Chicago reported the chips falling out of a customers debit & credit cards. 

While unlikely, a chip could fall out or off of the card due to excess wear and tear or intentional tampering. The concern brought up is that if the chip is found it can continue to be used in fraudulent ways.

“I peeled off the chip of two cards, and swapped them. I took that card to a retailer and ran a transaction. On the receipt you could tell that it didn’t match the card I actually used.”

If your chip does fall off of your card, please contact your bank right away and request a new one to prevent criminals from wrongly using your chip or information.

In the article, Tech experts say that it would require a lot of time and patience to get a chip out of the card. As a merchant, if you notice a card that looks tampered with, reach out to the bank or confirm the card number through your POS.

Doing our best to keep you informed & #secure!

Love,

The Arrow Payments Team

Read the full story here

Interested in learning more about Arrow Payments secure solutions for your business? Shoot us an email at [email protected] for your free evaluation to bring you one step closer to #secure

Thought Leadership

Recent Insights

Check out the latest trends and reports from Arrow Payments.

How to Prep for PCI Compliance

How to Prep for PCI Compliance

Higher education faces a unique set of challenges when it comes to credit card security and PCI compliance. As compared to other businesses, higher education institutions operate with multiple units, departments, and campuses — each that accepts and processes a number...

What is EMV Compliance?

What is EMV Compliance?

Consumers want to make payments quickly, easily, and securely. For universities that accept payments across multiple departments — from bookstore payments to tuition payments — securing credit and debit card payments is not optional. Not only does it boost consumer...

Gain Visibility into Your Higher Education Payment Systems

Find out what’s happening in every department and start building solutions that address fundamental needs.

Start My Discovery