Credit, debit and ATM cards with embedded EMV® chips have been protecting consumers around the world from fraudsters for a number of years. Now they’re becoming the new standard for security here at home, as well. When you receive an EMV-enabled card, here’s what you need to know:
- EMV transactions provide another layer of fraud protection, on top of all the security measures already in force.
- Your new cards will include both the EMV chip and the conventional magnetic stripe, enabling your cards to work at all merchants that accept cards.
- It’s as easy as 1, 2, 3 to use your card at an EMV-equipped merchant, simply:
- Insert the chip end of your card in the EMV terminal.
- Keep the card in the terminal, follow the prompts and enter your PIN or select CREDIT.
- Remove your card, take your receipt – and possibly sign a copy if you selected CREDIT.
- If you travel abroad, carrying your new card will let you make transactions easily at thousands of merchants where EMV is required.