What You Need To Know About Those New EMV Credit Cards
More and more people are receiving new credit cards with microchips in them. Here's everything you need to know.By Katherine Biek | September 8, 2015
People across the U.S. have been receiving new credit cards from their banks recently. And while these new cards might look similar to old ones, they're vastly different technology wise.
These cards have several different names: Chip-and-pin cards, chip-and-signature cards or EMV, which stands for developers Europay, MasterCard and Visa.
Whatever you call it, they all have microchips embedded in them. Users will now slide these cards into chip-enabled terminals and either input a PIN number or sign their signature when paying for items, instead of swiping their traditional magnetic-strip credit cards.