Degaussing the magnetic stripe of a chip card for security purposes

Question

Payment systems

Please share any information about a similar experience. For any useful links plus sign in karma.

I'm interested in the scenario of fraud, when a magnetic stripe is copied from a chipped card and a duplicate card is made (without a chip).
What risks does this pose to the cardholder? Will they be able to pay with such a duplicate?

Answer 1

Do not do this and listen to bad advice. In the contract with the bank, most likely there is a prohibition on damage to the property of the bank.
In my case, the bank gave a command to withdraw (specially tested on the ending card)
My question is about protecting the card from copying:
habrahabr.ru/qa/45614/#comment_216688

Answer 2

I described here how I broke on my cards
pumainthailand.com/zashhishhaem-svoi-bankovskie-karty-i-kreditki/
Yes, in general, a chip card is no different from a magnetic one, the same stripe, the same risks of copying.

Answer 3

habrahabr.ru/qa/44306/ read here. Plus there is a link to the article, comments to it are also useful.

Answer 4

From the experience of paying with a chip card, I can say that information about the presence of a chip is sewn into the magnetic strip. This is indirectly proved by the behavior of payment devices, which do not even allow you to drive in an amount after swiping the card through a magnetic reader, but require you to provide a chip for work. Although it may depend on the bank.

Answer 5

Raiffeisen bank.
Chip card.
Now in the USA, in all stores they accept a card using a magnetic reader, somewhere they require an electronic signature, somewhere not
.

Answer 6

The right decision, IMHO, would be to first persistently communicate with the bank regarding the blocking of transactions on the magnetic stripe of your chip card. There are examples of success.