Capital Berg

Keeps People Up-To-Date

Monday, January 18, 2021
Log in
  • United States
  • Business
  • Health
  • Science
  • Technology
  • About CapitalBerg
    • Analysts & Contributors
    • Advertising
    • Contact US
    • Privacy Policy GDPR
    • Terms of Use

Pages

  • About CapitalBerg
  • Advertising
  • Analysts & Contributors
  • Contact US
  • Investor Relations
  • Privacy Policy GDPR
  • SEC Disclosure
  • Terms of Use

Recent Posts

  • Tennessee Rapist Breaks into Woman’s House Three Times the Same Night to Assault Her June 29, 2018
  • Mentally Ill Man Arrested After Breaking into Retirement Home to Grope a Woman’s Chest June 28, 2018
  • “Syndrome” Author Blake Leibel Sentenced to Life in Prison for the Murder and Torture of Girlfriend June 27, 2018
  • Michigan Dad to Be Sentenced in the Beating Death of 3-Year-Old Infant June 26, 2018
  • Ohio Patrolman Booted from Police After Pulling Over His Daughter and Boyfriend June 26, 2018
  • Utah Mayor Shares Heartwarming Letter of Man Apologizing for Stealing a Stop Sign 75 Years Ago June 25, 2018
  • Mississippi Man Beheaded Mother After A Spat over Credit Cards June 25, 2018

Things You Need to Know about EMV Credit Cards

November 25, 2015 By Carol Harper

"chip card"

EMV cards are said to be more secure but slower

As you probably know most credit and debit cards will now be equipped with EMV chips so here are some things you need to know about EMV credit cards. Besides the fact that these upgraded versions are likely to be more secure and cut down on fraud, they might also be slower.

Changing to chip cards – a slow process

Although this is not happening overnight and the process of upgrading the cards started from the beginning of the year, it is a slow process. So far, according to the American Bankers Association, about 575 million chip cards are going to be issued by the end of the year. However, despite that fact that many customers have already received their upgraded cards, it is estimated that another two years will pass until everyone will get their chip card.

Why are EMV cards slower

What might put customers in difficulty if the fact that these chip cards work differently than the old ones. Rather than swiping your credit card, you will have to insert it into the terminal and wait for all the items to by rung up and the transaction to finish before removing the card. As you can imagine, this will take much longer than usual. The card will be inserted face up and the chip will have to face forward. You will also have to make sure you don’t forget to pull your card from the terminal when the transaction is over.

Why are the new cards more secure

The information on the old swiped cards is not encrypted whereas the EMV cards have microprocessors that produce cryptograms, or codes with the help of a special software. The produced code is sent to the bank during the transaction. At the other end of the network the bank computer must authorize the transaction. If it finds it to be suspicious it will not authorize it. Each one of the codes issued can only be used once. Plus, the chips are very difficult to counterfeit.

However, although the EMV cards should cut fraud on transactions that happen in stores, they don’t offer more protection than the old ones when it comes to online transactions. For any payments done online, hacking can still happen. Therefore, you are advised to stay away from suspicious websites and make sure your personal information is secure.

Image source: www.bing.com

  • About the Author

About Carol Harper

Carol Harper began her career as a screenwriter before turning to journalism. Before earning her Bachelor of Arts with a major in Creative Writing, Carol travelled across Europe and Asia to find both herself and inspiration. She enjoys covering health & science topics.

Filed Under: Business

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 44 other subscribers

Recent Articles

sleep

Tennessee Rapist Breaks into Woman’s House Three Times the Same Night to Assault Her

June 29, 2018 By Denise Ehrlich Leave a Comment

police lights

Mentally Ill Man Arrested After Breaking into Retirement Home to Grope a Woman’s Chest

June 28, 2018 By Waleed Javed Leave a Comment

gavel

“Syndrome” Author Blake Leibel Sentenced to Life in Prison for the Murder and Torture of Girlfriend

June 27, 2018 By Andreas Petersen Leave a Comment

Woods

Michigan Dad to Be Sentenced in the Beating Death of 3-Year-Old Infant

June 26, 2018 By Marlene R. Litten Leave a Comment

patrol cruiser

Ohio Patrolman Booted from Police After Pulling Over His Daughter and Boyfriend

June 26, 2018 By Waleed Javed Leave a Comment

stop sign

Utah Mayor Shares Heartwarming Letter of Man Apologizing for Stealing a Stop Sign 75 Years Ago

June 25, 2018 By June Harris Leave a Comment

Butter knives

Mississippi Man Beheaded Mother After A Spat over Credit Cards

June 25, 2018 By Carol Harper Leave a Comment

XXXTentacion mugshot

Florida Authorities Arrested Suspect in Connection with Shooting of XXXTentacion

June 22, 2018 By Waleed Javed Leave a Comment

sunset over beach

Dallas Mother Accused of Beating Four-Year-Old and Dumping Body Into the Water

June 21, 2018 By Denise Ehrlich Leave a Comment

chicken Alfredo

Ohio Man Sentenced for Trying to Seduce Teenage Boy with Naked Pictures and Chicken Alfredo

June 20, 2018 By Marlene R. Litten Leave a Comment

bedroom

South Carolina Teen and Mates End Up In Slammer for Raping a Teenage Girl

June 19, 2018 By Waleed Javed Leave a Comment

cyberstalkin

California Man Arrested for Stalking Ex-Girlfriend, Hacking Her Online Accounts

June 19, 2018 By June Harris Leave a Comment

hammer

Naked Patient Sneaks out of Emergency Room to Bash Homeowner’s Head with Hammer

June 18, 2018 By Carol Harper Leave a Comment

screwdriver

Middle School Student Attacks Teacher During Class with Screwdriver

June 18, 2018 By Andreas Petersen Leave a Comment

Related Articles

  • Volusia County Robber Apprehended

    Volusia County Robber Arrested After Leaving Fingerprints on Doorbell

    Mar 20, 2018
  • Dark Souls

    Dark Souls Remastered Expected to Come Out in May

    Jan 14, 2018
  • Black eclipse glasses

    Couple Issues Lawsuit Against Amazon After Buying Defective Eclipse Glasses

    Sep 1, 2017
  • Exxon gas station

    Exxon Lied about Climate Change for Almost 40 Years

    Aug 24, 2017
  • Foreign Affairs reporter Jay Solomon

    Former Foreign Affairs Reporter Jay Solomon was Fired from The Wall Street Journal

    Jun 24, 2017
  • volkswagen logo

    Volkswagen to Pay for Californian Clean Air Standards

    Apr 1, 2017
  • buzzfeed cart

    BuzzFeed to Go Public in 2018 as a Media Tech Company

    Mar 31, 2017
  • denmark landscape

    New Taxi Law Keeps Uber Away from Denmark

    Mar 29, 2017
  • snapchat app

    After Thumbs Down, Banks Are Considering Snap a Good Investment

    Mar 28, 2017
  • chinese commercial plane

    Global Airline Routes Might Get Stronger After a Possible Collaboration

    Mar 27, 2017

Categories

  • Business
  • Deals
  • Health
  • Science
  • Technology
  • United States
  • World

Copyright © 2021 capitalberg.com

About · Privacy Policy · Terms of Use · Contact

This website uses cookies to ensure you get the best experience on our website. Learn more.