In our continuing efforts to update and improve our products and services for our members, CBC will be converting all existing magnetic stripe Debit cards to new EMV chip-enabled debit cards. EMV technology provides greater security when using your card. This email is meant to inform you that your new EMV chip card will be arriving in the mail shortly.
When you receive your new EMV chip card, please follow these simple steps to activate the card:
Yes, for added security, your new EMV Chip card will have a new card number associated with it.
Automatic debits associated with your current CBC card at participating merchants may be transitioned to your new EMV card once it is activated. We suggest you monitor your automatic payments to ensure the transition was performed by the merchant. If not, you will need to provide the new card number to the merchant directly.
If you have any questions regarding your new chip card, please feel free to contact us at 1.805.988.2151 or email@example.com.
Why are EMV cards more secure than traditional cards? It's that small, metallic square you'll see on new cards. That's a computer chip, and it's what sets it apart from the old generation of cards. The magnetic stripes on traditional credit and debit cards store contain unchanging data. Whoever accesses that data gains the sensitive card and cardholder information necessary to make purchases. That makes traditional cards prime targets for counterfeiters. Unlike magnetic-stripe cards, every time an EMV card is used for payment, the card chip creates a unique transaction code that cannot be used again.