credit card rip off

[kingstonkid]

Have any of you ever had your chipped credit card copied with your pin. I am getting hit by a company Visa says it is not a copy of my card but the real deal.

Has this happened to anyone else

[oncearugge]

Who has access to the card and who have you "entrusted" with the PIN?

[BudRight]

Thieves generally do not copy EMV chips because it is far easier to defraud "Card Not Present" transactions. I suggest you determine an alternative explanation.

Edited November 2, 2015 by BudRight

[Swiss1960]

not rip off, but fraud then..

did your credit card issuer really CONFIRM that the fraudulent transactions were GENUINE Chip & PIN transactions, which would mean the transaction was used within a strore (not Internet)?

there is always the possibility that somebody made a copy of your card (Chip is nearly impossible), did somehow gather your PIN and is now using the card with magstripe swipe & PIN on non-EMV terminals.

Hard to believe that Chip get copied with using PIN, this needs high sophisticated equipment by the fraudsters. Again, your credit card ISSUER should deal with that and check his transaction logs for the card. In general, there are many additional features on the card (such as transaction numbering) that should prevent this.

[Pib]

Many chipped cards still come with the magnetic strip also which can be cloned. Let Visa/card-issuing bank determine if it's a valid transaction by interfacing with the company that made the charge and you....Visa/your bank is the judge in this situation. All you can do is provide info/proof it was not you and let them decide.

If your card does have a chip and magnetic strip and if the merchant used the magnetic strip or card not present approach to make the charge then your chances of proving the charge was not made by you are much better combined with other other evidence such as signature evaluation on a receipt if it was that kind of charge. But if the charge was made using the chip then your chances drop way, way down since it practically impossible to copy a chip and the card is suppose to remain in your possession/care all the time. And if your card also operates in Chip & Signature mode vs just Chip & PIN mode, then someone else can easily use your card since no PIN entry is required to complete a purchase.

Edited November 3, 2015 by Pib