Eli5: How does the chip in credit/debit cards provide an extra layer of security?

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More and more card readers at POS terminals now support tap to pay means of making a payment. If we are not inserting the chip end of the card, how is it providing additional security?

Edit: wow, lots of great information, thank you folks for taking the time and explaining it like I’m 5.

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Anonymous 0 Comments

“More and more?”

Is it 2010 again? Everyone’s had tap for the last decade lol wtf

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