contact chip card

A contact chip card, often called an EMV card, has a small microchip embedded in it that securely stores your account information. Instead of swiping the card’s magnetic strip, you insert or tap the card on a compatible payment terminal. The chip communicates with the terminal to verify your identity and authorize transactions, offering enhanced security by reducing fraud. It’s widely used for credit and debit payments, providing a safer and more efficient way to complete purchases compared to traditional magnetic stripe cards.