PenFed chip cards are regular plastic credit or debit cards with an embedded microchip. The chip protects in-store payments because it generates a unique, one-time code that is needed for each transaction to be approved. It is extremely effective in reducing counterfeit fraud and providing greater security and peace of mind when used in-store. A chip card also has a magnetic stripe on the back of the card and includes contactless technology for contactless payments. Look for the Contactless Indicator on the front of the card.
The Contactless Symbol and Contactless Indicator are trademarks owned by and used with permission of EMVCo LLC.