Social media responds to PayPal president’s credit card info being swiped
Exec David Marcus says his card information was probably ‘skimmed’ during a recent trip to the United Kingdom.
My card (with EMV chip) got skimmed while in the UK. Ton of fraudulent txns. Wouldn’t have happened if merchant accepted PayPal…
— David Marcus (@davidmarcus) February 10, 2014
Obfuscating card data online, on mobile, and now more and more offline remains one of PayPal’s strongest value props.
— David Marcus (@davidmarcus) February 10, 2014
Social media observers can’t seem to decide whether Marcus proved he’s a marketing genius with his tweets or outed himself as ignorant about EMV technology. EMV chips are supposed to safeguard against fraud using encrypted authentication processes. Here’s a taste of the response:
Clearly the PayPal CEO doesn’t have a clue in the world how EMV works.
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