Chip Card Q&A

What is EMV?

Chips cards are based on a global card payment standard called EMV, which stands for Europay, MasterCard® and Visa®. There are more than 2.5 billion chip cards issued in more than 80 countries.

Why are chip card transactions more secure?

Chip cards are regular plastic credit or debit cards with an embedded microchip. The chip protects in-store payments, because it generates a unique, one-time code for each transaction to be approved. It is virtually impossible for fraudsters to replicate this feature in counterfeit cards, providing greater security and peace of mind when used in-store.

Am I still protected against unauthorized charges?

Yes. If your card is ever lost, stolen or fraudulently used, Visa’s Zero Liability Policy protects you.

Can I still swipe my card to pay?

Yes. Your chip card will also have a magnetic stripe, so if a merchant is not yet chip-activated, simply swipe your card, just as you do today.

When will I receive my chip card?

You can expect to receive your chip card upon your current card’s expiration.

Where can I use my chip card?

You can use your card in person, over the phone and online at millions of places that accept Visa cards – at home and around the world. During the transition to chip, you can swipe your card as you normally would and follow the prompts. If the terminal is chip enabled, it will prompt you to insert it instead.

When will I be able to use my chip card at all merchant locations?

You will start to see these terminals at many of the places you shop today. You will continue to be able to pay at both chip-enabled and non-chip-enabled merchants with the same card.


First Missouri Credit Union’s credit and debit cards already include security features such as Verified by Visa, a 3-digit Cardholder Verification Value (CVV) and continuous fraud monitoring. As your cards expire this year, we will send you a new credit card with the EMV chip.

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