Showing posts with label magnetic strips. Show all posts
Showing posts with label magnetic strips. Show all posts

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.