Advantages of Having an EMV Chip

United States

November 23, 2017 8:02pm CST

EMV stands for EuroPay, MasterCard, & VISA. I have this ATM card without an EMV chip and my bank contacted me to replace it with an integrated one. I always use my cards for swiping and withrawing at ATMs but never tried using the chip. What it is for? What would the advantages for me having this?

4 people like this

4 responses

@carebear29 (31961)

• Wausau, Wisconsin

24 Nov 17

they also help with identity theft

2 people like this

• United States

24 Nov 17

Really? I did not know that. But how does it help?

2 people like this

@carebear29 (31961)

• Wausau, Wisconsin

24 Nov 17

@gibocam yes it does. i dont really know honestly.

2 people like this

• United States

24 Nov 17

@carebear29 Haha. I hope somebody can help me get some ideas.

2 people like this

@averygirl72 (37716)

• Philippines

24 Nov 17

Does it mean you can withdraw your money in any ATMs all over the world?

1 person likes this

• United States

24 Nov 17

Actually yes. It depends on the type of card you have. But having EMV is different. It is a hardware thing that I don't know.

@Letranknight2015 (51499)

• Philippines

24 Jul 18

So, that's the meaning of that Chip. Looks more secured to me now than ever before.

@jstory07 (134425)

• Roseburg, Oregon

24 Nov 17

The chip is suppose to protect you from your information being stolen.

1 person likes this

• United States

24 Nov 17

Yes, as what nikki have said about identity theft but how?