NCR technology researchers asserted they found an upgrade flaw in chip-based cards in the United States that allows hackers to rewrite the magstripe code in order to steal card information.
However, the U.S. Payments Forum maintained it is not a flaw in EMV technology; it is an attack on the magnetic stripe.
Chip cards still have magnetic strips so consumers can use them to make purchases from merchants that have yet to upgrade to EMV-enabled terminals.
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