Yes it will! Chip cards may be preferred by some merchants, but current magnetic strip-only cards will continue to be accepted.
Chip cards provide a higher degree of security due to the chip which uses several measures to create a complex level of security making a chip card difficult to copy or counterfeit. International market migrations to EMV chip have proven the value of chip cards at reducing counterfeit fraud. Because of their complexity and use of dynamic transaction data, chip cards make counterfeit fraud a near impossibility. Adding these dynamic elements to transactions makes account data less attractive to steal and adds greater security to the payment system.
Many features of a chip card are the same as a magnetic stripe card. Both cards include the card number, cardholder name and expiration date on the front and provide the three-digit security code on the back of the card. The key difference is the gold or silver-colored embedded chip on the front left side of the card.
Chip cards provide a higher level of security in some countries because the encrypted chip uses several measures that create a complex level of security making a chip card difficult to copy or counterfeit.
Yes, your new chip Visa card will be protected under the Visa Zero Liability policy.
EMV is an acronym for “Europay, Mastercard, Visa.” European nations worked with Visa and Mastercard to create chip cards, hence giving them the EMV name.
The microchip embedded in the card stores information required to authenticate, authorize and process transactions. This is the same type of information already stored in the magnetic stripe. No personal information about your account is stored on the chip card.
They will continue to accept all debit and credit cards just as they do today.
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