Originally Posted by
tmiw
The only real difference is we insert or tap now instead of swiping; other than there being a bit more customer facing terminals than there used to be, cards basically work the same as they always have from a cardholder's perspective.
It's a bit more than that...cards can't be duplicated/used easily. As a result, a huge category of card present fraud has largely gone away, and many big issuers don't even require foreign travel notifications anymore. Sure it's not perfect, fraudsters can try to force magnetic stripe acceptance, but it's far more difficult than it used to be for the carding fraud rings.