One safety rule many international travellers follow is blocking and destroying their credit cards after a trip. Judicious travellers know that fraudsters can easily capture the details stored on a card's magnetic strip and misuse it by making a new one.
Vishal Sood, a techie, followed this ritual after every trip abroad until his card company provided him with a solution. They sent him a card with a chip on it called the EMV. The card details are stored in the chip which makes it difficult to copy the information on the card.
"Earlier, I paid Rs 100 each time I applied for a new card. There was also a waiting period of seven to ten working days before I could get my new card," says Sood.
Text: Business Standard
Images: AFP/Reuters
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