The Age of Traditional Credit Card Processing is Dwindling

The chip connects with the retailer’s point-of-sale system and makes sure the payment card, along with a signature and PIN number, is valid and belongs to the customer using the card. This type of chip technology adds layers of safety against fraud and is nearly impossible to duplicate.

The end result is much safer shopping and far fewer credit card fraud/data breaches. For additional information, check out the infographic below from BluePay.