Chip card transactions offer you advanced security by encrypting your personal information and making every transaction unique. This makes your credit card more difficult to counterfeit or copy. But don’t worry if you haven’t gotten your chip card yet, because Northwest Federal will not hold our members liable for unauthorized charges.
Northwest Federal will reissue a chip card to replace your current credit card when your card expires. (Cards that expire after January 2016) Until then, continue to use your current card as usual knowing that we will never hold our members responsible for fraudulent charges.
The chip card looks just like a traditional card but with the addition of a small microchip embedded along with the standard magnetic stripe. When used at a chip-enabled register, a code is created for that transaction which cannot be used again. These chip card transactions offer you advanced security by encrypting your personal information and making every transaction unique. This makes your credit card more difficult to counterfeit or copy.
Since your card will have both a chip and a magnetic stripe it can be used anywhere.
Every day more and more merchants are becoming chip-enabled to increase security. If the merchant you go to does not have registers able to accept chip cards, don’t worry, you can still swipe your card like you do today and as always you will never be held liable for fraudulent charges.
No. Cards using EMVTM technology are referred to as…- chip cards- EMV cards- smart chip cards- chip-enabled cards
Give us a call prior to overseas travel to avoid having your account flagged for unusual activity. We also recommend setting a PIN for your card if you plan on using it overseas.
For more information on chip card technology, visit GoChipCard.com.
EMV is a trademark of EMVCo.