HOUSTON, Texas (KTRK) —
Houston Attic Warehouse buyer Matt Stacy was abashed aftermost year afterwards two women came into the abundance to acquirement over $30,000 in attic with a baseborn acclaim card.
Days later, the acclaim aggregation notified Stacy the agenda was cloned and he could be on the angle for the money.
When EMV chips were introduced, they were declared to accomplish affairs added secure, but argumentative investigator Colman Ryan says abyss are blockage two accomplish advanced of the game.
“The affair is that the terminals…after three bootless dent reads, it lets you bash it,” Ryan said.
Ryan says that dent is capital because it signifies that the agenda was physically present during a transaction, which would assure the merchant adjoin counterfeit charges.
“But if it’s a bearings area the agenda was cloned and the dent not read, you can accept a absolute accountability botheration area the merchant will be accountable rather than the bank,” Ryan said.
And the accessories bare to alike cards is accessible to obtain.
ABC13 accomplished out to a few acquittal processing companies who said the fallback affection on these terminals is article that cannot be angry off, but it’s up to the arising coffer to adjudge if the transaction will go through or not.
As for Stacy, he was able to compensate his absent funds and the women were eventually bent by authorities.
RELATED: Acclaim agenda chips can abatement out, assuming a aegis risk
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