|
Migration to chip technology brings a number of benefits – perhaps the most important benefit is added security.
Using Your New Chip Card
When using your new ScotiaCard™ chip card or Scotiabank VISA* chip card to make a purchase, the process will differ slightly at a chip enabled terminal from your current cards. For your Scotiabank VISA chip card you will require a Personal Identification Number (PIN) to authorize your transactions like your bank card.
Insert your chip card into the
terminal card reader. |
|
| Follow the terminal prompts. |
|
|
Enter your confidential PIN.
Entering your PIN replaces the need for a signature on your VISA purchase slip. Remember to always Protect Your PIN.
|
|
|
When prompted, remove your chip card from the chip terminal and take your receipt.
|
|
Making an Already Safe Payments System Even More Secure
Cards currently in the market with the magnetic stripe are still a reliable and secure method of payment.
Because the changeover to chip will happen over time, not all businesses will have a chip terminal, and not all cardholders will have chip cards immediately. Therefore, cards will contain both a chip and magnetic stripe for some time to come. Chip terminals will continue to accept magnetic stripe cards.
|
