Introducing Chip Cards

Beach Municipal FCU now provides VISA Debit Cards with chip technology. The embedded computer chip offers more security and wider international acceptance.

A microchip embedded in the card adds a new layer of protection against fraud for purchases made at the point of sale. Information programmed into the chip is personalized for your account and each transaction generates a unique code, adding an extra safeguard against unauthorized use and counterfeiting. These cards are already in wide use around the world and are now becoming the standard in the U.S.

Even though many merchants have already installed chip-enabled card terminals for payment, there are still many who have not made the conversion. That's why chip cards will continue to have a magnetic stripe on the back. That way, if a merchant's terminal or an ATM is not yet chip-enabled, your transaction can still be processed using the magnetic stripe as it is today.

Your card will be replaced with a new chip card based on your current card's expiration month. For example, all cards with a March expiration, regardless of year, will be replaced with a chip card within the next few weeks. Once your new card arrives, be sure to activate it for use and then destroy your old card. There is no need to request a new card. You'll automatically receive your new chip card in the mail before your card's expiration date. Of course, there is no extra charge for the new chip card.

Have more questions? Check out our FAQs page or contact a Member Services Representative at 757.333.7787.