What is Chip and Signature or Chip and PIN?

Date Posted: Monday, October 19, 2015

The U.S. is moving toward adopting a "Chip and Signature" or "Chip and PIN" standard. Many countries around the world already uses these new technologies because they help to reduce credit card fraud through the use of authentication, verification and authorization. The chip is a small metal square, typically silver or gold, on the payment card that stores encrypted, dynamic data. With the new chips, it will be more much difficult for malicious actors to read the data on the chip and then, because it constantly changes, to counterfeit it.

Learn more in October's edition of Information Security Tips

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For additional information contact VITA Communications at vitacomms@vita.virginia.gov