October is a special month for credit card technology. Retailers are required to have new credit card processing machines in place which will accept the new chip technology, as well as the magnetic strip on your card. Gas stations have until 2017 to install that technology.
You will be relieved to know that Sweet Tooth has had its new credit card machines for about 2 weeks. Frankly, there is very little change on our side about how to use credit cards with the chip on them. Let me tell you a few things you need to know about this new technology.
A chip card is a debit or credit card with a built-in microchip which you can easily see on the front of your card. The chip provides greater security and convenience for you when you use your credit card. The microchip is encrypted and that makes it extremely difficult for someone to copy or counterfeit your credit card.
European countries and Canada have had this technology for a while. If you made a recent trip to one of those places you may have run into some difficulty if your credit card did not have the microchip. Even though chip cards may have a magnetic strip on the back, it is much better and more secure for you to use the chip.
Because we are a retailer, we do not require a PIN number to process purchases. However if you are attempting to withdraw money from an ATM you may find that you cannot do so without a PIN number.
Jeff is due a huge pat on the back for working early to make certain that Sweet Tooth had the correct technology for accepting chip credit cards. I think I need a pat on the back for remembering how to process that card. We have already had several customers make purchases with their new chip credit card. Those customers have the security of knowing that they will not be a victim of fraud as long as they use their "chip".
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