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What do EMV chip cards mean for you? The chip on your new EMV chip card is more secure than your previous card. The chip on the front of the card will generate a unique transaction code for each transaction. This will prevent stolen data from being used.

How to use your EMV card?

SmartCard Video
  • Step 1: Slide your card in the slot on the front of the card reader.
  • Step 2: While your card is in the card reader complete your transaction as normal.
  • Step 3: Once the transaction is complete remove the card from the card reader.

It’s as easy as that!!!

EMV Chip Card Frequently Asked Questions

  • What is a Visa chip credit, debit or prepaid card?
    Chip cards, or “smart cards” have a microchip embedded in the credit or debit card. The microchip generates a dynamic onetime use code for each transaction called a cryptogram that can be validated by the issuer or by Visa on the issuer’s behalf. A chip card also has a magnetic stripe on the back of the card, so the card can still be used at retailers that have not installed EMV terminals or online with eCommerce merchants.

  • What are the benefits of a chip card?
    The benefits of a chip card include enhanced security, leading to a reduction in card-present counterfeit fraud, and enhanced international acceptance, as EMV chip cards are currently used in 130+ countries. Along with tokenization, chip technology also paves the way for secure mobile payments and moves the U.S. closer to dynamic data authentication. Of course, cardholders with chip cards are still protected with Visa’s Zero Liability policy.*

  • Does this mean that a magnetic stripe card is not secure?
    Cardholders should be confident about the safety and security of using magnetic stripe cards. Fraud within the Visa system is just 6 cents out of every $100 transacted and that’s half of what it was a decade ago. Further, consumers are also protected against fraud with Visa’s Zero Liability policy, which means they won’t pay for unauthorized purchases.

  • What information is on a chip card?
    The microchip embedded in the card stores information required to authenticate, authorize, and process transactions. This is the same type of account information already stored in the magnetic stripe.

  • Where are chip cards used now?
    In some geographies (particularly Europe and Latin America), merchants may be more familiar with accepting chip cards than magnetic stripe cards. Chip technology is currently in use or is being implemented in 130+ countries around the world.

  • Will EMV chip in the United States be chip and PIN?
    EMV chip is used around the world with either a signature or a PIN as a cardholder verification method (or sometimes neither for certain low-value transactions). Visa will support signature, PIN, and “no signature required” in the United States.
* Visa’s Zero Liability Policy covers U.S.-issued cards and does not apply to certain commercial card transactions or any transactions not processed by Visa. You must notify your financial institution immediately of any unauthorized use. For specific restrictions, limitations and other details, please consult your issuer.

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