New EMV Chip Card Technology In TFCU Credit Cards
TFCU credit cards now come equipped with EMV microprocessor chips. This new technology is becoming the global standard because it helps increase security and reduce credit card fraud. Cards can be used anywhere and will bring enhanced security to your daily financial transactions.
Named after its original developers, EMV stands for Europay, MasterCard® and Visa® and is currently one of the most effective ways to prevent credit card fraud. Every time you use an EMV credit card at a chip-enabled terminal, the embedded chip generates a unique code for each transaction that allows only authorized users to access your information. This prevents fraudsters from “skimming” or copying your card information.
In addition to its enhanced security, EMV chip cards are accepted at millions of chip enabled terminals worldwide. Currently, eighty countries globally are in various stages of EMV migration, including Canada and countries in Europe, Latin America and Asia. And since not all retailers have chip-enabled terminals, each chip card still features a magnetic strip, giving you the freedom to make purchases anywhere that accepts Visa® or MasterCard®.
For more information about the new EMV chip cards, call 1-800-456-4828.