By now, you will have noticed that many retailers and merchants have updated their card payment machines. The new machines take payments from chip-based debit and credit cards making payment transactions more secure than the old method of simply swiping the magnetic strip on the back of your card.
Although the US is several years behind Europe and Asia in adopting the new secure technology, banks and financial institutions of all sizes are now rapidly adopting the new chip based cards. If you have not already received your new chip based debit or credit card, you will soon.
To understand why this new technology is a big step forward for personal security, read this thorough article on CreditCards.com.
*By clicking the above link you will be leaving the Flagship Community Bank website. Flagship Community Bank does not endorse, monitor or review the site you are going to, nor are we responsible for its contents. You should note that the site’s privacy and security policies may be different to ours. We recommend that you review their policies.