EMV Chips

Learn how EMV chips will help protect your identity!



Enhanced Security for your Debit and Credit Cards

705 FCU is now offering debit cards and credit cards with chip technology.  The embedded computer chip provides more security and wider international acceptance.

  • Debit Cards: 705 Debit Cards will be re-issued by month (not year) of expiration. You will receive your brand new card with an EMV Chip in the mail starting this month. Upon receiving your new card, your old card will no longer work.
  • Credit Cards: The new Credit Cards will be distributed as cards expire or if they are lost or stolen. Every member’s cards will have EMV Chip Credit Cards by the end of 2017.

A microchip embedded in the card adds a new layer of protection against fraud for purchases made at the point of sale. Information programmed into the chip is personalized for your account and each transaction generates a unique code, adding an extra safeguard against unauthorized use and counterfeiting.

These cards are already in wide use around the world and are now becoming the standard in the U.S.

Follow these steps to use your card at a chip-enabled terminal:

  1. Insert your card, face up and chip end into the chip-enabled terminal.Debit Card being inserted to pay for an item at the store.
  2. Leave the card in the terminal during the entire transaction.
  3. Follow the instructions on the screen and either sign your name or enter your PIN as needed. Be sure to remove your card and take your receipt when the transaction is complete.

If a merchant isn’t using a new chip-enabled terminal yet

You will ‘swipe’ your card to make your purchase, just as you do today. Chip cards will continue to have the magnetic stripe on the back.

Online or phone purchases

Provide your card information as you have done in the past. Chip cards will not change the way payments are made online or by telephone.

At an ATM

The process is essentially the same as at a merchant. Insert your card, leave it in the ATM, and follow the prompts on the screen. Depending on the type of ATM, you might be prompted to re-insert your card. Leave the card in the ATM until the transaction is complete and the card is released, and then remove your card. A PIN is needed for ATM transactions.

Watch a video to learn more about how EMV Chips work!