(Fremont County, Wyo.) - If you’re a Wyoming Community Bank customer, you will be receiving new chip enabled (EMV) debit cards in mid-June. Your current debit card will continue to work until June 20, 2016, so make sure to check your mail and activate your new card right away. The new EMV cards will give you enhanced security to protect against fraud and will be treated differently at EMV enabled merchants and ATMs.
What is a chip enabled card (EMV)?
Chip cards make in-person transactions more secure. Every transaction that uses the chip includes a one-time code. This prevents stolen data from being fraudulently used to make a counterfeit card. The acronym EMV is a technical standard for smart payment cards that stands for Europay, MasterCard, and Visa. These three companies originally created the technical standard for chip cards.
Can my chip card’s information be stolen using a wireless scanner or smart phone?
No, this type of theft only applies to cards that have wireless capabilities. Wyoming Community Bank’s chip cards do not include these capabilities (RFID and NFC). Cards that include this technology allow customers to wave their card over the merchant’s terminal to make a payment. Our chip cards require you to insert and leave the card in the terminal to complete a transaction.
Does my chip card store and record any additional personal information?
No, the microchip embedded in the card only stores information required to authenticate, authorize, and process transactions. Most of this is the same type of account information already stored in the magnetic stripe.
To make a purchase or ATM withdrawal with your new card:
- Insert the chip portion of the card into the reader or ATM with the chip facing up.
- Leave your card in the reader or ATM.
- Follow the prompts on the screen.
- Remember to take your card after your transaction is finished.
Not all merchants and ATMs will have a chip enabled reader. No problem. Swipe your card.
It’s a local thing. Wyoming Community Bank is here to support you. Our goal is to go above and beyond your personal and professional banking needs. We pledge to serve our neighbors with a better bank that empowers our community. Fully staffed by local residents that make local decisions, we are your community bank.
Come meet us. We become stronger with your support and the better we know you, the better we serve you. Together we will build and strengthen our community. We strive to provide excellence to all of our customers with competitive rates, friendly and personalized attention, and a strong commitment to providing the best service to our customers. Our mission is to do what is right for you and our community.