1/25/2017

Understanding the EMV Chip in Credit Cards


Credit cards are one of the most convenient ways of paying for the items and services we buy, both offline and online. When travelling, credit cards also provide an extra layer of security to all of our transactions overseas. The use of the EMV chip allows credit card users to avoid transaction fees and save up to 3% every time. Credit card issuers are implementing the new technology to all existing – and new – credit cards right now. Studies by Rutgers Online and the university’s AACSB online MBA department have also revealed that the use of the EMV chip in credit cards had reduced credit card fraud by a whopping 32.5% by 2011. This number continued to rise as well. If your credit cards aren’t equipped with this new chip, now is the perfect time to get them replaced.



Find out more about the EMV chip in credit cards and other important information by reading the full Credit Cards and Mobile Payments Infographic by Rutgers Online.

- This is a PR collaboration. 

5 comments:

  1. Not keen on credit cards, as was brought up to avoid debt etc. Also had some colleagues who were victims of credit card fraud. The first was when a colleague visited America.The other ex-colleague was in the UK. It took some months for these to be dealt with.

    Seems to me more needs to be done in regards to Security and Safety etc in regards to finances, technologies etc.

    Rachel Craig

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  2. Credit cards, not my thing. Though I do like to know about innovations regarding security etc.

    Rachel Craig

    ReplyDelete
  3. I've always avoided credit cards, they can get you into financial difficulty xxx

    ReplyDelete