US OBSOLETE ATM CARDS NOW OFTEN UNUSABLE: I have been using my - TopicsExpress



          

US OBSOLETE ATM CARDS NOW OFTEN UNUSABLE: I have been using my Bank of America ATM card for yearswhile living in three countries and travelling to many others. Suddenly in late December it stopped working. Thinking the mag strip was damaged I ordered a new one. It did not work either. Now in this article I find the reason... "U.S. citizens travelling abroad often experience difficulties when using their mag-stripe cards in EMV mature regions as some merchants refuse to accept the old-style cards. In a bid to offer a solution, financial institutions are issuing EMV Chip-enabled credit cards to U.S. travelers – although these often come with a notable cost and are commonly Chip and signature only rather than Chip and PIN."
Posted on: Sat, 24 Aug 2013 18:02:22 +0000

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