Wednesday, October 14, 2015

EMV Chip Cards vs. Magnetic Strip Cards

Chip Cards
  • Insert card & leave until transaction complete.
  • Cryptogram.
  • Durable.
  • It’s difficult to counterfeit, so less risk of fraud.
  • It’s accepted worldwide.
  • Computer microchip storage and provides a new, unique code with every swipe.

Magnetic Strip Cards
  • Swipe card and return it to your wallet.
  • Easy to duplicate.
  • Mag-strip easily gets scratched.
  • Easy to counterfeit and high risk of fraud.
  • Less accepted worldwide.
  • Magnetic storage and strip does not change.
Post by: Cari J.

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