A chip card is like the card you have today, but with an embedded microchip. Each time you make a payment in a store, the chip generates a unique, one-time code making it virtually impossible for a fraudster to access or reuse your account information.
Added Security to verify that the person using your card is you, for most transactions you will be asked for a Personal Identification Number (PIN) or your signature. (Low-value transactions maynot require either.) The terminal will tell you which to use.
Easier International travel with a chip card, you’ll be ready to make purchases anywhere in the world MasterCard is accepted. Using your chip card for travel and shopping outside the U.S. is now more convenient and safer.
Proven Technology Where chip technology has been adopted, card counterfeit fraud has fallen dramatically. Today, more than 3 billion chip cards1 protect consumers in more than 80 countries.
Where Can you use your chip card? Processing Solutions Inc upgrades our merchants payment terminals to accept chip cards. During the transition to chip, you can swipe your card as you normally would. If the terminal is chip-enabled, it will prompt you to insert the card instead.
What if the Terminal doesn't accept Chip? You may encounter a merchant that has a chip terminal but isn’t accepting chip card transactions yet. Even if the terminal is not yet chip-enabled, you can swipe your
card’s magnetic stripe as you always have.
Contactless Chip Faster Checkout with Greater Security If the merchant terminal displays the contactless chip symbol then you can also tap and pay with a card, a mobile phone or wearable device.
Contactless chip technology provides a secure and convenient way to pay — just tap and go!
Peace Of Mind and Ease of Use! That is what you can look forward to using chip cards!
Contact Processing Solutions Inc. for more information or to find a local representative.