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What is a chip card, and how is it different from a magnetic stripe card?

April 26, 2017card chip different MAGNETIC stripe

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What is a chip card, and how is it different from a magnetic stripe card?

2 Answers

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A chip card is a bank card or credit card containing an embedded computer chip, which gives the card the ability to store and process data. A chip card provides enhanced security because it is very difficult to duplicate.

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A Chip Card contains a small embedded microchip, which encrypts your account information, making it difficult to duplicate, copy or access. It is simply a more advanced technology than magnetic stripe technology and will make an already safe payment system even more secure.