CHIP CARD TECHNOLOGY – A SAFER, MORE SECURE CARD

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CHIP CARD TECHNOLOGY – A SAFER, MORE SECURE CARD

EMV-Credit-Cards
Chip card encryption technology (also known as EMV), allows transactions to occur through a microchip embedded in your card. This new technology is a safer and more secure transaction method than the traditional magnetic stripe. Chip card encryption technology also protects cardmembers by reducing fraud and counterfeiting.    Look for your United Financial Credit Union Credit and Debit cards to be upgraded within the next couple months.  Click here for a Chip Card FAQ

Proven Technology
Chip card encryption technology is standardly referred to as EMV (Euorpay, MasterCard and Visa). This technology began in Europe and is currently being used by most of the world. Implementation of chip card encryption technology has decreased counterfeit fraud by 60-80%**.

Using a Chip Card is Easy
  EMV-image-3

Step #1 Insert your card “chip first” into the chip-enabled terminal. With
chip transactions, your card remains in the terminal throughout your
transaction.
EMV-image-2

Step #2 Follow the prompts on the terminal and wait for the transaction
to be processed. You may be required to enter your PIN to complete the
transaction.
EMV-image-1

Step #3 Remove the chip card after the transaction is approved when you
are prompted to do so.

If your card has contactless capabilities (look for the on the front EMV-image-4or back of your card), simply tap your card on the terminal instead of inserting the card.

Merchants without Chip Card Terminals
EMV cards can still be processed in terminals without chip-reading capabilities. Simply swipe your magnetic stripe and proceed with your transaction as normal.

If you have any questions, please contact United Financial Credit Union at 989-777-3620 or email info@unitedfinancialcu.org