chip and pin credit cards

chip and pin credit cards

What You Need to Know About the EMV October Liability Shift

September 25th, 2015 by Yael Kent

For many years, all liability for fraudulent transactions has been assumed by credit card companies. However, the global numbers for credit card fraud have continued to grow, and major credit card companies have been working on a solution to the problem.

Visa, MasterCard and EuroPay are some of the biggest companies in the industry. After spending nearly a decade working on a solution, these major companies have decided to move consumers away from using magnetic strip cards and towards EMV.

To Pin or Not to Pin

November 30th, 2011 by Joshua Heckathorn

chip and pin credit cards If life takes Visa, and Mastercard covers everything except those priceless moments money can’t buy, then all I need to enjoy my trip overseas is my credit card, right? Not necessarily, as some Americans have found during trips abroad over the past few years by getting stuck in train stations or embarrassed in restaurants and shops when their credit cards are declined. This can happen even when travelers take the recommended precautions, like making sure their accounts are in good standing and contacting their card issuer before the trip to make sure fraud detection safeguards aren’t activated by the first overseas purchase.

Are Chip and Pin Credit Cards Coming Soon?

March 23rd, 2011 by Alice Bryant

We still use magnetic stripe credit cards in the U.S., and it doesn't seem like a change is on the way anytime soon. On the other hand, many countries outside the U.S. have ditched the swipe and sign process for chip-and-PIN cards - also known as "smart cards". The best part of using these credit cards is that they never leave your hands. They are safer, more efficient, and are arguably better at preventing credit card fraud.