Over the next few months Greenville Federal Credit Union will issue new debit cards to all existing credit union debit card holders. Besides a new design, these new debit cards have an embedded EMV chip, one of the most effective tools for preventing debit card fraud. New debit cards will be sent to the contact and address associated with the debit card on file. For security, recipients should activate their new cards as soon as they receive them by calling the number on the label adhered to the front of the new cards. All old, non-EMV chipped cards will be deactivated on April 11, 2016.
A small chip with big protection.
EMV (Europay, MasterCard®, Visa®) is micro-chip technology that provides increased security capabilities. EMV chipped cards are equipped with a small metallic square on the front of the card that holds card information. This technology will be instrumental in decreasing the spread of credit and debit card fraud, and will be the chosen method of payment in the United States in the near future.
Our new EMV chip debit cards will include a magnetic strip on the back, giving card holders dual-purpose technology to enhance their purchasing capabilities. This means that card holders will be able to use the EMV chip at retailers who support EMV processing, and the magnetic strip at all other locations.
The credit union is happy to provide the latest in fraud protection to ensure our members have the most secure and seamless purchase experiences possible. For questions about EMV or your debit card, please call us at 800.336.6309.
Posted on Mon, January 4, 2016
by Catherine James filed under