Chip cards and security

Chip cards and security

Canadian financial institutions are steering current payment methods toward chip technology with a view to reducing card skimming.

Your Caisse populaire Access Cards as well as all payment solutions offered to your Caisse populaire’s retailers are moving toward the new technology.

Though magnetic stripe cards are still safe, chip cards provide better security:

  • PINs replace cardholder signatures for credit card transactions at the point of sale.
  • PINs make it more difficult for people to use lost or stolen cards.
  • Chip cards provide increased transaction security because they feature perfected mechanisms that efficiently protect against card fraud and skimming.