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EMV Chip-Enhanced Cards
FAQs - EMV Chip-Enhanced Cards
What does EMV Chip-Enhanced Visa Cards mean?

EMV, which stands for Europay, Mastercard & Visa, is a global standard for credit and debit payment cards using embedded microchips. The new PEFCU Visa Cards will have an embedded microchip that will allow you to pay at any US merchant that has EMV payment terminals and at all international merchants where chip cards are the standard. Plus, it will have improved security and protection against fraud.
The PEFCU Visa Credit & Debit cards will still have the magnetic stripe on the back. This will enable you to make purchases at terminals that do not have the EMV Technology yet.  You will need to swipe your card and sign a receipt for the purchase. 

Will both my Visa Debit & Visa Credit Cards be replaced for EMV Chip cards?

Yes, we expect to begin replacing our Visa Credit and Debit cards with the new EMV Chip technology cards at the end of 2015 or the beginning of 2016.

How do I use my new EMV Visa Card?

At terminals that have the EMV technology you will simply insert the chip end of your card at the checkout terminal with the chip facing up. Keep the card in the terminal and follow the prompts on the screen. Remove your card when prompted and take your receipt. 
You may still need to sign for your purchase. 

How is the security better on an EMV chip card?

EMV chip cards contain an embedded microprocessor, a type of small computer. The microprocessor chip contains the information needed to use the card for payment, and is protected by various security features.
The magnetic stripes contain your payment information on the stripe and it never changes. All a thief has to do is lift that information to replicate your card. The EMV card nearly eliminates that possibility because the information for each transaction is uniquely encoded. So, it is much harder for a thief to pick up payment data to use again. 

What if the Point of Sale Terminal I am using does not have EMV Technology?

The new PEFCU cards will be issued with the EMV micro-chip and the magnetic stripe until all US ATM's, Point-of-Sale (POS) Terminals, and Merchants have completed the adoption of the EMV micro-chip technology.

The National Credit Union Administration (NCUA) is the federal agency that charters and supervises federal credit unions and insures savings in federal and most state-chartered credit unions across the country through the National Credit Union Share Insurance Fund (NCUSIF), a federal fund backed by the full faith and credit of the United States government. For more information on the NCUA, please visit their website at