In the midst of the ongoing EMV transition comes news of skimming scams trying to catch unwary consumers, who swipe instead of dip, and new technology making POS devices more affordable.

Brian Krebs, author of the blog “Krebs on Security,” revealed that skimmers found at Walmart stores in Fredericksburg, Va., and Fort Wright, Ky., fit over existing EMV-enabled POS devices, and even include a slot for chip cards. The overlays sell for $200 to $300 on the dark web.

Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).

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