Credit card fraud is a major problem, which costs billions each year.  Banks and credit card issuers have tried a number of ways to reduce the fraud.  Recent examples are the rollout of cards with computer chips.  Cards with chips are more secure for in-person transactions.  Unfortunately, chipped cards are no more secure than older cards without a chip for remote transactions, such as paying for something over the phone or buying something on the Internet. Continue reading Is there a simple way to reduce credit card fraud? →