User Blogs

User Blogs

Discussions and Blogs

Jul 06
2012

How EMV Impacts International Travel

Posted by: Robert Siciliano in MyBlog

Tagged in: EMV

Robert Siciliano

In the United States, credit and debit cards rely on magnetic stripe technology. The magnetic stripe is the black, brown, gold, or silver band on the back of your credit or debit card. Tiny, iron-based magnetic particles in this band store your account number. When the card is swiped through a “reader,” the data stored on the magnetic stripe is accessed. Card readers and magnetic stripe technology are inexpensive,  readily available and  vulnerable to fraud.

The other, more secure type of credit card is called “EMV,” which stands for Europay, MasterCard, and Visa. According to the Smartcard Alliance, “EMV is an open-standard set of specifications for smart card payments and acceptance devices. EMV chip cards contain embedded microprocessors that provide strong transaction security features and other application capabilities not possible with traditional magnetic stripe cards.”

If you have plans to travel internationally this summer, you may have problems using your U.S. magnetic stripe card abroad, as many other countries, particularly in Europe, have made the EMV card the new standard.

The Smartcard Alliance explains: 

“U.S. travelers are reporting troubles using their magnetic stripe cards while traveling. Aite Group has estimated that 9.7 million U.S. cardholders experienced magnetic stripe card acceptance issues when they traveled internationally in 2008, costing banks $447 million in lost revenue. The most common areas where travelers may face issues are at unmanned kiosks for tickets, gasoline, tolls and/or parking, and in rural areas where shop owners do not know how to accept magnetic stripe cards.”

To avoid payment problems, follow these steps:

  • Ask your bank if they offer an EMV card. Most major banks do, including Bank of America, Chase, Citibank, U.S. Bank, and Wells Fargo.
  • Pay in cash.
  • Don’t expect your debit cards to work at payment terminals. Yes, your debit card requires a PIN, but that doesn’t make it an EMV card. You should be able to use your debit card to get cash from ATMs.
  • Inform your bank you will be traveling, otherwise they may flag your card for fraud.
  • Visit GetFluentC.com to share your story and learn more.

Robert Siciliano, personal security expert contributor to Just Ask Gemalto.

Trackback(0)
Comments (0)add comment

Write comment

busy

Subscribe via Email

 Your Email:

Tag Cloud

2012 abduction Aberdeen Group alarm alarms Android Apple Apps ATM Skimming Audit Bank Fraud Banking Security BillGuard BlackBerry botnet BPM breaches BS 25999 burglar burglary Business Continuity BYOD change management cheating children pictures Cloud Cloud Security Cobit collaboration Compliance computer failure Consumer IT Tips contactless credit card credit card breaches Credit Card Fraud credit cards credit fraud Cross-Device Security Cyber gangs cyber monday Cyber Security cyberbullying cybercrime cybercriminal cybercriminals cybersecurity cyberwise data Data Backup Data Breaches data security Data Storage DDOS Device Reputation digital devices Digital Forensics digital life Digital Security digitally secure Disaster Recovery DNS download DPI driver's license dumps E-Commerce eBanking Electronic Discovery Electronic ESI electronic passport EMV Endpoint Security entity theft Epsilon ERM ESI Ethics Events Facebook FCC FCPA FDIC Federal Government FFIEC Financial Crisis firewall FourSquare Fraud gaming Gartner Geo-tagging gold farming Governance GPS grc GRC evaluation GRC Marketplace GRC technology readiness GRChange Green IT grey charges guard dogs Hackers Hackproof Hacktivism holidays home invasion home security Hotspot HP IAM iCloud id ID Theft Identity theft Information Management Information Security Information Supply Insider Threat Internal Audit Internal Controls internet safety iOS app iovation IP address iphone iPhone security ISACA ISO 27000 ISO 27001 ISO 31000 IT Alignment it compliance it governance IT GRC Forum Events it risk management IT Security IT Service Management ITIL jailbreaking Jobs keylogger laptop security Litigation Malware marathon mCommerce Member Discount Mobile Mobile Apps Mobile Banking mobile device Mobile Device Management Mobile Devices Mobile payment mobile phone mobile security Mobile Wallet mSecurity Multi-Regulatory Compliance multifactor authentication myblog Network Security New Years NFC NFC app Online Backup Online Banking online dating online gaming online identity online privacy online safety Online Security online shopping Operational Management OSHA Outsourcing P2P Security Panel Partner Offers passport passwords PCI Performance Management personal data personal device Personal Security pheasting phishing Policy predator Privacy Prize Draw QR Codes ransomeware ransomware Regulation E remote access resume fraud Risk Assessment Risk Management RSA Rules safety tips scam scammer scammers Scams scareware Seasonal Security security apps security tips sext Shopping shredding skimming Skimming Fraud small business smartphone smartphones smishing Social Media social network Social Security SOX spammers spokesman Spyware SSDs Standards strangers Strategy tablets tax scams Tech tech support technology Threat Management Tokenization TQM Twitter typosquatting Virus VPN wallet web Webcast Q&A Wi-Fi WIFI WiFi password wireless
Banner