if you put a credit card number in place of a debit card will it work

This makes the cards more difficult to counterfeit and makes them useless for onsite retail purchases if someone steals your card without knowing your PIN. The card’s microchip creates a unique one-time-use code for each transaction. EMV stands for Europay/MasterCard/Visa-these companies have worked together to implement new, more secure technology. The new EMV chip cards, however, have been used in Europe since 1994 as an attempt to battle the high rates of fraud and counterfeiting. If someone stole your card or even just swiped it through a card reader, all of that information could be used for illegal purposes and even full-blown identity theft. The magnetic strip stores your name, account number, the card expiration date and the security code from the back of the card. The standard magnetic strip cards we typically use in the U.S. That little metallic microchip allows your card to 'talk' to the latest chip-enabled point-of-sale terminals at your favorite stores. The real difference with these new cards is the small computer chip embedded in the front just above the first set of numbers. These MasterCard and Visa cards look like the ones you’ve used for years-the same numbers, logos, security number on the back and magnetic strip. Banks and financial institutions began rolling out the new chip debit cards. For years, we’ve just swiped the card, typed in our PIN number, and headed home with our stuff.īeginning late in 2015, that process started to change.

Honestly, most of us don’t give a lot of thought to how that debit card works on a daily basis. That’s right, your debit card is getting a facelift. That little 3' x 2' piece of plastic in your wallet is getting an upgrade.

If you put a credit card number in place of a debit card will it work