Prospera moves to new, more secure chip cards

APPLETON – As of June 22, Prospera Credit Union will transition to chip cards for its debit card users. Chip cards, sometimes called EMV or smart cards, are credit or debit cards with an embedded microchip for added security.

Already the standard for secure purchases in most other countries, chip cards offer better protection against fraud because the microchip provides unique data for each transaction, making the card more difficult to counterfeit.

In addition to adding a layer of security at chip-enabled ATMS and terminals, the new debit cards with chip technology will also work in terminals without chip technology. If a breach in security does occur, retailers without chip-enabled machines will be liable for any fraudulent expenses if the customer uses a chip card.

Debit card-using members of Prospera will receive new cards before June 22 but will be able to use their existing cards up until the change date. For more information, visit myprospera.com/debit-chip-card.