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How is a chip (EMV) credit card different from a magnetic stripe credit card?

Category: Business   Service: Credit Cards | Updated: September 30th, 2015

Answer:

A chip card looks just like a traditional card with an embedded chip in addition to the standard magnetic stripe on the back of the card. In locations where a merchant is able to accept the chip card, you will insert your chip card into the terminal to complete the transaction rather than swiping it.

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