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Your Security is our Top Priority

Your Security is our Top Priority

We strive to keep our members informed on current security issues as well as provide the tools necessary to help you protect yourself. In addition, we make every effort to use the latest technology and product enhancements to safeguard your financial information.

EMV Chip Cards

Over the next few months, Best Reward will be replacing its Debit Cards and Credit Cards with a new EMV Chip Card. Migrating to this “Gold Standard Technology” will help protect our members and reduce the costs of fraud.

1. What does EMV stand for?

EMV stands for Europay, MasterCard, and VISA - the companies behind this “Gold Standard Technology”.

2. EMV Chip Card, EMV Card, Chip Card, Smart Chip Card - What’s the Difference?

These are all just different terms for the same technology.

3. What is an EMV Chip Card?

An EMV Chip Card contains an embedded microchip that encrypts card information into a unique code that significantly increases transaction and account data security when used at a chip-enabled terminal.

4. What makes the EMV Chip Card more secure?

Instead of “swiping your card” at the register, you will be “dipping your card” by inserting your card into a chip-enabled terminal and waiting for it to process. When an EMV card is dipped, data flows between the card chip and the issuing financial institution and creates a unique transaction code making card information more difficult to duplicate or copy.

5. Can I use my EMV Chip Card at merchants that don’t have a chip-enabled terminal yet?

Your card will continue to have the traditional “magnetic strip” enabling you to use it at merchants who do not yet have a chip-enabled terminal.

Visit us online to watch for more details regarding EMV Chip Cards.

Click HERE to View Video Demonstrations!

Click HERE to Read More About Them!