What is a chip card?

A chip card is a standard-size plastic credit or debit card that contains an embedded microchip as well as a traditional magnetic stripe. The chip encrypts information to help increase data security when making transactions that are chip-enabled.

Benefits of chip cards

• Chip cards make it virtually impossible to duplicate, which means your card information is less likely to encounter fraud.
• Increase your overall card security
• Chip card vs magnetic stripe – the magnetic stripe cards are much easier to copy and cause more fraud issues. The chip cards are given a unique authentication for each transaction making it much harder to duplicate thus creating a much safer transaction.