FRANKLIN
Bronco Federal Credit Union said that next month everyone involved in credit cards must flip over to EMV (Europe Mastercard Visa) chip-secured cards or face the burden of fraud if the credit card user does not have it. Bronco, other credit unions and banks are all informing their customers of this change.

EMV chip secured cards are payment cards that have an embedded chip in them. They offer advance security in-store and at the ATM by making every transaction unique. Each transaction has its own one-time code. These cards are more difficult to counterfeit and copy as well. If the card data and the one-time code are stolen, the information cannot be used to commit fraud.

The chip is located on the front of these cards, but a magnetic strip is still on the back of them so they can be used at merchants who don’t accept chip cards yet.

When making a transaction at a store, you insert the chip card into the machine with the chip facing up. When using the chip cards at the ATM, you use it the same way you would normally use your credit card.

These cards are used in international markets and are accepted in more than 80 countries.

More information on chips cards is available at www.GoChipCard.com.