LBT Debit Card



EMV - FAQ


What is EMV technology?

EMV is a global standard for credit and debit payment cards based on chop card technology. EMV gets its name from the card schemes Europay, MasterCard, and Visa - the original card schemes that developed it. 


Can I still swipe my card?

Yes. If the merchant does not accept EMV cards, you will still have a magnetic stripe on the back of your card.


Does the EMV chip eliminate fraud?

Not completely. EMV technology makes it nearly impossible for a fraudster to duplicate your card and make fraudulent purchases. The chip encrypts your information and generates a unique code for each transaction completed on your card. Each code can only be used once, so its useless to a fraudster.


Where and when are EMV cards used?

Retailers and issuers are beginning to use EMV cards more frequently, and will now be using EMV first, if available.



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