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EMV chip cards are coming to Denver Community Credit Union in 2018! All cardholders will be issued new EMV cards in the first half of 2018. Please see below for important information about this transition.
EMV is the global standard for debit and credit card transactions. EMV stands for Europay, Mastercard, and Visa. It is the joint effort of these companies to globally ensure acceptance of cards for debit and credit transactions, as well as enhance the security of transactions.
EMV provides enhanced security by generating a unique transaction code every time the card is used to make a purchase at a point of sale machine (in a physical store). This code cannot be used again, and since it doesn't provide your card number, it makes obtaining your payment difficult for hackers.
Denver Community Credit Union is making this transition to better protect our membership from card fraud. We understand that EMV cards are something a majority of our membership desires. We are pleased to provide this technology to our members in 2018.
For more information about EMV chip technology, listen to our podcast episode all about EMV chip cards. It's free to listen and doesn't require any special equipment.
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