Chip cards >  Security

Security

Canadian financial institutions are steering current payment methods toward chip technology with a view to reducing card skimming.

Visa Desjardins credit cards are moving toward the new technology.

Though magnetic stripe cards are still safe, chip cards provide better security:

  • PINs replace cardholder signatures for credit and prepaid card transactions at the point of sale.
  • PINs make it more difficult for people to use lost or stolen cards.
  • Chip cards provide increased transaction security because they feature perfected mechanisms that efficiently protect against card fraud and skimming.

Accepting cards

Desjardins chip credit cards still have a magnetic stripe and are accepted everywhere whether chip card technology is available or not.

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