Blog & Media

Are you confused about the new chip card rules?
on Thursday, February 2 2017
You are not alone; many consumers are confused about how to use their new chip card. Questions you may ask yourself. What is chip and PIN? What is chip and signature? If I use a debit card, do I have to use a PIN or will they allow me to use my debit card as a credit card transaction without a PIN? If I use a credit card, do I need a PIN? What do I do if a merchant has not upgraded to the new terminals and I have to swipe my card? Will I be liable? Will the business or the merchant have to take responsibility for fraudulent transactions?