Chip Technology at PenFed
PenFed Credit and Debit cards now come with built-in chip technology. This gives you greater fraud protection when you use your card at a chip-enabled terminal. Your new card is not only more secure—it’s also easy to use. Here’s what you can look forward to as a cardholder.
Big Protection in a Tiny Chip
Keep in mind, you can continue to use your chip card online and over the phone…the same way you do today.
See how easy it
is to pay at a
chip-enabled terminal:
1. INSERT CHIP
Insert the chip end of your card into the merchant terminal with the chip facing up.
2. KEEP CARD
Keep your card in the terminal and follow the prompts.
3. REMOVE CARD
Your card when prompted and take your receipt.
Enhanced Fraud Protection
When you use your card at a chip-enabled terminal, the embedded chip generates a one-time use code. This code is virtually impossible to counterfeit and helps reduce in-store fraud.
Global Acceptance
More merchants are accepting chip transactions every day. Whether you check out using chip technology or swipe your card, you can pay with confidence wherever Visa® and American Express® cards are accepted.
Easy to Use
Simply swipe your card like you do today. However, if a chip-enabled terminal is available, insert your card instead and follow the prompts.
EMV stands for Europay, MasterCard, and Visa. These three companies were the original companies to begin the technical standard for chip cards.
Don't have a Card?
Pick a card, any card! All PenFed Credit Cards feature EMV chip technology. While you can’t go wrong with any of our cards, you can earn rewards points on every purchase with the PenFed Platinum Rewards Visa Signature® Card.
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