New Chips in Credit Cards Make Purchases More Secure

By October 1st, all credit card companies are required to issue cards with something called an EMV chip.
And all restaurants and retailers are supposed to have the system to read the chips.
The idea is to keep major data breaches, like the one at target in 2013, from obtaining your card information.
The magnetic strip has a special code that’s connected to your private information, and it can easily be copied if a system is breached, but the chip’s code changes with every transaction, so your information stays secures.
Many major retailers already have the machines that accept the chip but are waiting to have the systems installed to read them.
Most credit card companies will be sending out new cards to customers that don’t have the chips yet.
Categories: Local News, Technology

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