However because your security is important to us, we have invested in an enhanced fraud detection program, Falcon Fraud Detection, that constantly monitors all purchases. Plus, your new card will still have a magnetic stripe, which means it can be used anywhere Visa is accepted.Ī: While chip cards offer more security than magnetic stripe cards, we cannot guarantee your protection against all forms of fraud. On top of enhanced security and global acceptance, your chip card will have all the same features and benefits as your existing card.
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If you have any automatic payments set up using your card, be sure to update your card information so you won’t miss anything.Ī: No, your new chip card will replace your existing card please activate and begin using the new card when you receive it. However, your chip card will include a new expiration date and a new security code. your chip credit card number will be the same as your existing card. Q: Will my credit card information change?Ī: No. If you have any automatic payments set up using your card, be sure to update your card information so you won’t miss anything. Q: Will my debit card information change?Ī: Yes. If you don’t receive your new card by May 31, please contact UKFCU.
Your new card is not only more secure – it’s also easy to use.Ĭards will be shipping soon. Your UKFCU Visa Debit Card with built-in chip technology gives you greater fraud protection when you use your card at a chip-activated terminal. Resume Usage – A Small Chip with Big Protection Your new card has a different card number, expiration date, and security code. Update any recurring payments that use your old card information for example: iTunes, Apple Pay, Paypal, Gym Dues, Etc. Once you activate your new card and select your PIN number, your existing non-chip card may be destroyed. With the added security of our chip-enabled cards, merchants may require you to enter your PIN for purchases on your debit and credit cards. Follow the prompts to select your Personal Identification Number (PIN). You can start utilizing the benefits of your new, more secure, cards, in just a few easy steps.Ĭall the activation number located on the sticker on the front of your new card. These are new cards with new card numbers and will require activation and PIN selection. In February 2016, UKFCU members will start receiving new chip debit cards to replace their existing debit cards. You may have already received one of these cards. When will I get my new Visa credit or debit card?Ī: UKFCU will issue a Visa chip credit card when your current Visa credit card reaches its expiration date.
Q: Does the chip store my personal information?Ī: No personal information about your account is stored on the chip card.
You have probably already seen them at large retailers. Chip cards are becoming more and more common, and so are chip-reading payment terminals. Because they also include a magnetic stripe, you can swipe it like any other card or insert it into a chip-reading payment terminal. For even more security, chip cardholders are also protected by Visa’s Zero Liability policy.*
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The encrypted code helps prevent fraud and is virtually impossible to replicate in counterfeit cards. Each time you make an in-store transaction with a chip-reading payment terminal, the microchip generates a unique, one-time code. Want More Information About Chip Cards? We’ll Walk You Through It.Ī: Chip cards look like regular debit and credit cards but include a special microchip to keep you more protected. UKFCU wants to share information with our members about the new cards. Each card contains a microprocessor that authenticates your identity during the transaction. Chip cards are nearly impossible to counterfeit. Ultimately, chip card technology offers stronger security and better protection against fraud. UKFCU is excited to offer Visa credit and debit chip cards to our members.
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