credit card with chip
I received my new credit card with chip.
The U.S. I know is phasing them in.
My question is how do I get my pin?
Aren't there instructions with the card or when calling to activate the card? I received the pin in the mail with instructions on how top change it.
No, it's a Chase card and I checked the Chase site.
It looks like it does not use a Pin. It looks like I will still have to sign?
Why I do not Know.
Did activate it and used it the old way.
Car broke down.
Chase FAQ
. What do I do if I’m asked to enter a PIN? Accordion content expanded
A. If a merchant asks about a PIN code, you can say that your card only requires a signature for verification. If the merchant card reader prompts for a PIN code, it may allow you to “Cancel†out of the prompt so you can sign. You may also be able to select “Enter†or “Continue†to bypass the PIN request.
My Chase Freedom credit card doesn't have a PIN. You insert it into the bottom of the card reader below the numeric pad instead of swiping it down the top/side slot, chip end first. You have to leave it inserted until the screen says to remove it, takes up to 10 seconds to process.
That said, a lot of stores here don't have the new machines, and I still have to swipe the card like before. A bit odd considering the stores are now on the hook for fraud rather than the bank if they don't use a chip reader.
I was thinking the Pin would be the add in security.
But the security seems to be that the transaction generates an identifying number.
"Chip and PIN" is the international standard for credit card security (the technology has been around for 30 years). Depending on the type of terminal, you will either enter a four-digit PIN or sign a printed receipt. I've only seen the latter in use. Wouldn't have any idea what my PIN is.
Yeah, they're going with the chip-and-signature method for this rollout, and as called out not everyone is ready yet, including merchants AND credit card issuers. You can continue to swipe your card as usual, including in terminals with chip readers. If the terminal is chip-enabled you'll get a message that you need to insert the card rather than swipe it.
Chip-and-signature is better from a security perspective versus swiping given the chip provides one-time codes, but not as strong as chip-and-PIN given this requires something that you have with something that you know versus only something that you have plus whatever you scribble on the signature pad.
Even more fun is when you go outside the US, use the chip and SURPRISE out comes a piece of paper to sign.
A timely article considering the subject matte: Fraud Tactics Against Chip-and-PIN Technology | Malwarebytes Unpacked (https://blog.malwarebytes.org/fraud-scam/2015/10/fraud-tactics-against-chip-and-pin-technology/?utm_source=twitter&utm_medium=social)