![]() ![]() The magnetic strip holds static information, while the EMV chip creates a one-time code with the information needed to access the consumer’s account. Traditionally, a magnetic strip featuring millions of tiny particles holds this information, but now, most cards have Europay Visa Mastercard (EMV) chips, which contain similar details. When someone makes a purchase with a debit card or withdraws cash with an ATM card, the card reader takes information about the account from the card. This feature provides an additional layer of security from fraudulent transactions. Usually, when you issue these types of cards to your customers, you also send them a PIN or give them the ability to choose their own PIN. Personal Identification Numbers (PINs) help to reduce fraud with Automatic Teller Machine (ATM) and debit cards - and even with credit cards, to a certain extent. ![]()
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