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What is the difference between my current debit cards and the chip card?

April 26, 2017card cards chip Debit difference

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What is the difference between my current debit cards and the chip card?

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Your current debit card has a magnetic strip while chip cards are equipped with a micro-computer stored in a microchip. The chip card is more secure as the data are further encrypted after encoding. Apart from this, for transactions on POS terminals, you will need to insert your card and leave it there until the transaction is confirmed.