11/12/2022 0 Comments Use emv cardIt helps to increase security and combat card-present fraud better than the traditional magnetic strip by generating a unique code each time you use it at a chip-enabled point-of-sale terminal. The embedded chip stores and protects your data. What is the EMV chip and how does it work? You can also use it for cash withdrawals at any ATM or online shopping. You can use your card for purchases at any point-of-sale machine that displays the Visa symbol. The global standard was created as a way to authenticate transactions through a computer chip embedded into debit and credit cards. Don’t want to wait until your card expires to get a new EMV card? No problem! You can replace your card anytime for a $10 fee!ĮMV stands for Europay, Mastercard, and Visa. Your CNB chip-enabled card is free when you open a new checking account or replace an expired card. This technology makes it extremely difficult for counterfeiters to steal your account information. That’s because each card contains a small chip that generates a unique code every time you use it at a chip-enabled terminal. Demo video showing how to use your Verifone Vx520 credit card machine with all the new EMV card types.EMV is a technical standard for smart payment cards and. Similar to contact chip cards, they also support cryptographic functions for more secure transactions than with traditional magnetic-stripe cards. These devices allow transactions to be made by waving or tapping on an EMV Contactless enabled terminal. CNB’s new Visa EMV debit card is a safer, more secure option for point-of-sale purchases. The EMV Contactless Specifications refer to transactions using proximity NFC payment devices. use the EMV chip at retailers who support EMV processing, and the magnetic strip at. For specific restrictions, limitations and other details, please call Peoples Bank.We are pleased to announce the arrival of a new, better Visa debit card. We apologize for the delay in receiving your EMV chip credit card. You must notify Peoples Bank of any unauthorized use. *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. Are you a merchant? More information about EMV. Keeping you protected and reducing fraud is important to us. We will not ask for account number or personal information over text and/or email. We will ONLY ask you to verify if you made the purchase(s) or not. To further protect you, you may receive phone calls, texts and/or emails asking you to confirm if suspicious purchases are valid or not. To help secure your card from fraudulent and unauthorized activity, access to your Visa Debit Card can be restricted from use in certain high-risk locations or merchants. If a chip-activated terminal is available, follow these easy steps: Fraud Protections to Debit Card Fraud Monitoring If a merchant cannot accept chip transactions, simply swipe your card to pay as you have done in the past. Chip terminalsĬhip-activated terminals are coming to U.S. Have more questions? Check out our EMV FAQ. Plus, continue to use your card online and by phone with enhanced security. Whether you check out by swiping your card or use chip technology, you can pay with confidence wherever Visa debit and credit cards are accepted. More merchants are accepting chip transactions each day. No matter how you pay, you're protected against unauthorized use with Visa's Zero Liability Policy*. When you use your new EMV card at a chip-activated terminal, the embedded chip generates a one-time use code that is virtually impossible to counterfeit and helps reduce fraud. These new cards are not only more secure – they’re also easy to use. Introducing Chip Technology for Peoples Bank Peoples Bank Visa® Debit Cards now have built-in chip technology.
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