EMV Chip VISA Debit Cards
EMV Chip VISA Debit Cards are cards for payment that have an attached chip which is commonly utilized in place of the magnetic stripe. EMV, which implies Europay, MasterCard and Visa, belongs to the global standard for credit card and debit card payments. There are over 3.4 billion chip cards released worldwide. The U.S. is actually the last major market still utilizing the magnetic-stripe card system. Many countries from Europe decided to change their cards to EMV technology to fight high fraud rates years ago.
How to use EMV Chip VISA Debit Card?
- Insert the chip end into the bottom reader with the chip facing up.
- Keep the card in the ATM and follow the prompts to enter your PIN. If you remove your card too fast, your operation will be withdrawn.
- Remove your card after the ATM indicating that the transaction is finished.
Improved secure chip system
Chip cards, when applied in connection with a PIN, are a solution to counterfeit and lost and stolen card fraud. This system helps keep the card from counterfeit and the PIN uniquely defines the owner of the card and prevents it from being utilized by someone else if lost or stolen. When a chip card is used at the sale location, the transaction email delivered by the chip card to undergo verification of the operation does not include any data that can be utilized to counterfeit a chip, or hold an unauthorised chip transaction re-utilizing the data from a prior operation.