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<p>[QUOTE=&quot;chrisild, post: 1468829, member: 39&quot;]The chip on the credit card and this secure code are two different things.</p><p><br /></p><p>That chip is supposed to prevent fraud that can be caused when you use your card at an ATM or payment terminal. If a card has just the magnetic stripe, account data can be read off that stripe by criminals who install &quot;spy&quot; readers at terminal locations. That information can then be copied, even remotely, onto blank cards. If these people get your PIN code too (mini-camera, &quot;extra&quot; pinpad, etc.), your account can be emptied. The chip makes this impossible. How long it will be safe ... who knows. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>The secure code is for payments that do not actually involve your credit card but your card data. You cannot show the credit card to a dealer who is far away from you, so you provide the card number. But anybody who steals/finds your card would know the number, the expiration date and even that validation code (CVC or whatever it is called), as they are printed on the card. That is why MasterCard uses SecureCode - Visa provides a very similar service which is called Verified by Visa. Works fine for me, but not every web store requires me to use VbV. I guess it makes the payment more secure for the seller, but also more expensive ...</p><p><br /></p><p>Christian[/QUOTE]</p><p><br /></p>

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