Chip Card Technology
Your CSE credit and debit cards contain an embedded EMV microchip. This chip holds information that is encrypted, making it extremely difficult for the card to be copied or counterfeited. Rather than swiping your card, you will insert your chip card into an EMV-compatible terminal to complete a transaction.
In addition to the embedded microchip, your card still has a magnetic stripe on the back. This ensures you will still be able to make purchases by swiping your card at merchants who have not yet switched to chip-enabled terminals.
Still Easy to Use
At stores that are ready with the new technology, rather than swiping your card, you will be prompted to insert your chip card into the machine.
The chip helps to prevent fraud since it stores your card data in an encrypted format.
The new CSE Visa cards also include Near-Field Communication (NFC) technology - also known as contactless payment. This technology allows cardholders to use their CSE Visa card by placing the card within 2-inches of terminals that also have the NFC technology. Simply look for the NFC logo .
CSE debit cards do not have NFC technology.