Welcome to your hometown bank!
Message from the President
CHIP TECHNOLOGY MAKES AN ALREADY SECURE CARD EVEN SAFER!
This fall, First Federal Community Bank will be introducing the added security of chip technology
and will be switching to MasterCard debit cards. MasterCard is one of the original founders of the
chip card standard known as EMV, short for EuroPay (now part of MasterCard), MasterCard and Visa.
Chip cards are already in use around the world, and have been proven to reduce counterfeit fraud.
EMV chip cards have computer chips embedded in them. Chip cards better protect your account information
from fraud. And every electronic payment - credit cards, debit cards, digital wallets - is almost always
more secure than cash. The magnetic-striped credit and debit cards you are accustomed to contain "static"
data, or payment data that does not change. The data stored in the magnetic stripes includes your 16-digit
card account number, expiration date and 3-digit security code (CVC) like the one found on the back of your
card. Chip cards contain the same data and more. Each purchase or transaction that you make generates unique
data that is encoded in a safe mode.
• EMV helps protect you even if your card or your card data is lost or stolen.
• EMV makes it difficult for anyone but the rightful owner to use the card.
• EMV protects against the creation of counterfeit cards because unique data is only
good for a single purchase or use.
See our Announcements
page for more information on EMV chip cards.