What are the benefits of a chip credit card?
A. A chip credit card is a credit card with an embedded security microchip. A credit card with a security chip is more secure than one with just the magnetic stripe on the back of the card, as the security chip makes it more difficult to fraudulently copy the credit card details. Chip technology is fast becoming the global standard for credit card security. In Europe and Asia, it is already being widely used and has proven to be effective in preventing fraud. In Australia, ANZ was the first bank to issue credit cards with a security chip and we are continuing to make changes to bring you the most secure system we can.
A chip credit card is a credit card with an embedded security microchip. A credit card with a security chip is more secure than one with just the magnetic stripe on the back of the card, as the security chip makes it more difficult to fraudulently copy the credit card details. Chip technology is fast becoming the global standard for credit card security. In Europe and Asia, it is already being widely used and has proven to be effective in preventing fraud. In Australia, ANZ was the first bank to issue credit cards with a security chip and we are continuing to make changes to bring you the most secure system we can.
