“Chip” Technology Makes Credit and Debit Cards Better

Much like your favorite cookie, “chips” just make it better.  That’s also the case with your Bank of Travelers Rest debit card.  Bank of Travelers Rest is adding an additional layer of security to our debit cards to protect customers against fraud – a computer chip. The advanced security of the chip card will make it extremely difficult for fraudsters to counterfeit or copy the card.

 

What is the benefit of the “chip” technology?

The computer chip – a small, metallic square on the front of the card – assigns a one-time code making every transaction unique and the card more difficult to counterfeit or copy. The new cards will still have a magnetic stripe for cases where the merchant does not have an activated chip reader.

 

EMV Chip 

When will "chip" cards be issued?

Bank of Travelers Rest is now issuing chip-enabled debit cards as customers’ current debit cards are expiring.  So as your debit card expires and you receive a new one in the mail, your new card will be one with the EMV Chip on the front.  Bank of Travelers Rest credit and debit card customers should continue using their current credit and debit cards until their new chip-enabled card arrives.

Customers opening a new debit card in one of our branches can expect to receive their EMV Chip card at the time of account opening.

 

 

How is the new “chip” card used at the register?

Chip-enabled cards need to be inserted into the chip reader in order to benefit from this new technology. If the merchant has a chip reader, be sure to use that instead of swiping your card.  Inserting the card is how the technology ensures maximum security.

Using chip cards is simple and easy to learn. Bank of Travelers Rest is providing the following step-by-step instructions to educate customers:

  1. Insert your card into the chip-enabled terminal with the chip first, facing up.
  2. Leave the card in the terminal until the transaction is complete. You may be prompted to sign your name. Be sure to take your card at the end of the transaction.
  3. If there isn’t a chip-enabled terminal, use the card the traditional way and swipe.

 

For more information or help understanding how to use your “chip” card once you receive it, contact your local branch