What is EMV Chip Debit Card?

What is EMV Chip Debit Card?

Ashif Shekh 12/12/2018
Ashif Shekh

What is EMV Chip Debit Card and what are its benefits?

What is EMV Chip Debit Card?, EMV chip debit card, debit card emv chip
EMV Chip Debit Card 2019- Today, almost all banks have instructed their customers to replace their old magnetic strip atm card with the new EMV Chip Debit Card 2019. But do you know why the banks issued these instructions and what is the EMV Chip Debit Card? In this post we are going to tell you what is the EMV Chip Debit Card 2019 and how much more secure with these old magnetic strip cards is.

If you have built an ATM card many years ago, then you might have got a card with a magnetic strip. All your information in this card is hidden in a black bar behind the card, this band is called a magnetic strip.
What is EMV Chip Debit Card?

EMV Chip Debit Card 2019 

The problem of bank fraud has increased significantly over the past few years. Through ATM cloning, the thieves grab your hard earned money from your bank. These people steal information about your card by applying a scammer device at ATM machine and then withdraw money by preparing a duplicate card. It is easy to steal information from the old magnetic strip card, because these cards are easily hacked.

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What is EMV Chip Debit Card ?

EMV Chip Debit Card, New-Time And new technology based card. It stores all your information in a chip. The EMV word is composed of Europay, Mastercard & Visa. All your information in this card is absolutely secure. This card can be used on any ATM or Pos machine. If you are going to create a new atm card, then the bank will give you this card.

If you are using the old card so far, then soon it will be replaced by EMV Chip Debit Card 2019. Some banks have also fixed the last date for changing the card. Friends, if you like this information then please comment And do not forget to subscribe.

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About

Hello This is ASHIF SHEKH.My designation is BACHELOR OF COMMERCE (B-COM) in ACCOUNTS (hons) And i am just 21 year old.I am leaving in kuju Jharkhand INDIA.

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