The debit chip card replaces your current non-chip debit card. Your Internet and telephone transactions will work just as they do today. How does a chip-enabled card work for online and telephone transactions? Your card will remain in the ATM until your transaction is complete. If the ATM is chip-enabled, simply insert the chip end of your card with the chip facing up. If a merchant is not yet chip-activated, you can continue to swipe your card. You can use your card at millions of places that accept Visa cards, at home and abroad. Finally, remove your debit chip card when prompted and take your receipt. Then, keep the card in the terminal throughout the transaction and follow the prompts on the terminal screen. How do I use my new debit chip card?įirst, insert the chip end of the card into the chip-activated terminal with the chip facing up. If the terminal is chip-enabled and you swipe your card, the terminal will prompt you to insert your card instead. How do I know if a merchant terminal accepts chip cards?Ĭhip-enabled terminals have all of the features you are used to with a payment terminal, with the addition of a slot to insert your card. You will still have a magnetic strip on the back so that you can use it at merchants who don’t yet accept chip cards. If you have a chip card, the chip is located on the front of the card.
Emv card protection code#
This code is virtually impossible to counterfeit and helps reduce in-store fraud. Whenever you use your card at a chip-activated terminal, the embedded chip generates a one-time use code. How does chip technology protect my information? EMV Frequently Asked Questions What is a chip card and why am I getting one?Ĭhip cards are debit cards that have an embedded chip which provides you greatly enhanced protection when you pay in a store or at use an ATM that accepts chip cards. If you have questions, please call (254) 412-2000 or visit one of our locations. This makes it harder to counterfeit your card or to use it fraudulently for in-store purchases. Each time you use your chip card, it generates a code that is unique to that transaction. How is the chip card more secure than my current card?Ĭhip cards add an additional layer of security to the safeguards that already protect your card. The EMV technology has been adopted by the other major card brands and issuers. These cards, already in use in much of the world, use a security standard originally developed by Europay, MasterCard® and VISA® (EMV) as a way to fight card fraud resulting from theft, skimming and counterfeiting. You can count on enhanced fraud protection every time you use your card at a chip-activated terminal.Ī chip card–also called a smart card or an EMV card–is a debit/credit card that contains a microprocessor that enhances the security of cards during point-of-sale transactions. American Bank debit cards now come with chip technology.