Peach State’s VISA® credit and debit cards now come with built-in chip technology. (Credit cards will be rolled out first; debit cards will be coming in 2016.) This gives you greater fraud protection when you use your card at a chip-activated terminal. Your new card is not only more secure—it’s also easy to use. Here’s what you can look forward to as a cardholder.
Enhanced fraud protection.
When you use your card at a chip-activated terminal, the embedded chip generates a one-time use code. This code is virtually impossible to counterfeit and helps reduce in-store fraud.
More merchants are accepting chip transactions every day. Whether you check out using chip technology or swipe your card, you can pay with confidence wherever VISA® credit or debit cards are accepted.
Easy to use.
The terminal you’re using will prompt you to insert the card if the merchant is chip activated. If the merchant is chip activated, then you will be required to insert the card instead of swiping it. If a merchant is not yet chip-activated, you can continue to swipe your card and enter your PIN (for debit transactions). Or select CREDIT (for VISA® credit cards) and sign for your purchase if necessary.
Using a chip card is easy:
- Insert your card, face up and chip end into the chip-enabled terminal.
- Leave the card in the terminal during the entire transaction.
- Follow the instructions on the screen, and either sign your name or enter your PIN as needed. Be sure to remove your card and take your receipt when the transaction is complete.
You’ll make payments online or by phone the same way you do today.
While some merchants have already installed chip-enabled terminals, the entire conversion process is expected to take a few years to complete. That’s why chip cards will continue to have a magnetic stripe on the back. That way, if a merchant’s terminal or an ATM is not yet chip-enabled your transaction can still be processed by swiping the magnetic stripe the same way you do today.
There is no need to request a new card and there is no extra charge. You’ll automatically receive your new chip card in the mail before your current card’s expiration date.1 Once your new card arrives, be sure to activate it for use and then destroy your old card.
You can learn more about chip cards by clicking on the EMV banner on our home page at www.peachstatefcu.org or calling us at 678.889.4328.
Don’t have a Peach State VISA® credit card? APPLY NOW!
1 Chip-enabled terminals have already been implemented throughout Europe. If you are planning a trip overseas and would like to receive your chip-enabled card(s) sooner, we will be happy to accommodate your request. Simply call us at 678.889.4328 to initiate this process several weeks prior to your trip.