> Unless there’s a hidden magnetic reader in the chip-reading portion of the terminal, in which case the scammers could read like 1/3 of the magstripe data? Which doesn’t seem that useful tbh.
replyAt least around where I am (Ohio, USA), at gas pumps and ATMs: Inserting the card for contact EMV typically means inserting the whole card.
In doing so, entire card is pushed all the way into the same slot that is also used for reading the magstripe, and to the same depth that is used for magstripe transactions.
This quality leaves the door open for magstripe skimming.
(It may be a stupid way of building things, but things exist in the real world that are built this way anyhow. Whether the information on the mag stripe still has any utility for a would-be thief in 2026 is a different matter.)
The credit cards, I believe, have pledged to eliminate magnetic stripes. Although given how long it takes us to do anything for all I know that will be by 2060. They are also planning to extend credit cards past 16 digits, which may also require the magstripe to go away.
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