If Chip and PIN cards are more secure, does that mean my existing magnetic stripe RBC Visa card is not secure?
While Chip and PIN cards represent the latest advancements in card payment security, they will only make an already safe payment system even more secure. Rest assured that your magnetic stripe RBC Visa card continues to be a safe, reliable and convenient method of payment. In addition, RBC has been very successful in protecting cardholders by reducing card fraud through continuous upgrades to its fraud detection systems. With one of the lowest fraud rates in the industry, RBC will continue its current fraud prevention practices to ensure cardholders are protected whether they have a magnetic stripe card or a Chip and PIN card. In addition, you will be protected under the Visa Zero Liability policy provided you took reasonable precautions to protect card and your PIN. For more information about this policy, see your cardholder agreement.
