Usage & Acceptance Is there any difference in the way we use chip cards vs. existing magnetic stripe cards?
The magnetic stripe cards that we use today are swiped at a retailer when you make purchases. When you make a transaction at a chip terminal, you insert your chip card into the terminal. Your card stays in the terminal until the transaction is complete. You’ll need to use your PIN for ALL purchases at chip terminals, including credit card purchases. Your signature won’t be required for credit card purchases. When the transaction is complete, you’ll be prompted to remove your card from the chip terminal.
