Myths about your new chip credit card busted

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    By Jason Steele/

    Are you a little confused about how the new chip credit cards work? In October, more stores began using credit card terminals that read smart-chip-enabled cards as part of a fraud liability shift, which strongly encouraged the use of this technology. And while the technology appears to be working somewhat smoothly at stores, many credit card users are still unsure as to what these smart chips do, and what they don't.

    So to help clear up some of the confusion, here are facts and myths about using this new system.