What Perennial Bank customers need to know.
- All newly issued Debit Cards will be equipped with EMV technology.
- Current Debit Card holders will receive their EMV card when their current card expires.
- If you would like your EMV card before your current card expires, please contact your local Perennial Bank branch for more details.
What you need to know about EMV.
- EMV cards are fairly new to the United States, however they have been the heavily used in Europe for many years.
- EMV Debit Cards have robust security features that traditional cards cannot offer.
- The computer chip embedded in the card generates a unique, one-time code each time you “dip” your card at a chip-enabled terminal. Your purchase can only be approved with the chip-generated code.
- The chip in your card is virtually impossible to duplicate. That means attempts by a fraudster to create and use counterfeit cards will be much harder.
- Consumers have zero-liability for fraudulent transactions.
- EMV is also referred to as Chip and PIN.
How do you use your EMV card?
- Insert your card into the chip-enabled terminal with the chip first, facing up.
- Leave the card in the terminal until the transaction is completed. You may be propted to sign your name.
- If there isn’t a chip-enabled terminal, use the card the traditional way and swipe the card.
- If your chip card is denied, request that the merchant swipe the card.