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How Credit Card Payments Are Changing

October 14, 2015 By Kelly

Sponsored post disclosure

We’re used to paying with credit cards, but changes are coming to how we pay with credit cards. Two big changes are coming to Discover Card that will change the way you pay: EMV cards and Apple Pay with Discover makes for a lot of change to how we pay, but change can be good.

EMV credit cards and Apple Pay with Discover

EMV chip-enabled cards

On October 1, the U.S. credit card industry completes a formal migration to EMV chip-enabled cards.

Have you recently received a new card in the mail with a chip on the front? Were you wondering about these odd new cards? You may have even used your chip-enabled card at certain retailers. I recently shopped at Gap and they now accept chip cards. The process is a little different than you’re used to because you put the card in the front of the card reader and leave it there while it reads it.

Discover shared these commonly asked questions that will help you understand the new technology.

Discover Card Chip FAQS

How does a card with EMV technology work?

Using a chip card is simple. At chip-enabled terminals, consumers can insert their cards into a terminal and follow the guided instructions on the terminal screen. In the case that a retailer does not have chip-enabled terminal, consumers can use the magnetic stripe on their card as they’ve always done before.

How is a card with a magnetic strip different than a card equipped with chip technology?

The new chip cards have an extra layer of protection against fraud at point of sale. If you don’t have a chip card, or the merchant you are shopping at isn’t EMV ready, your magnetic strip card will still work the same way as it always has.

How are EMV cards more secure?

The microchip in chip cards generates unique, dynamic data every time a consumer completes a transaction in a store, making it harder for fraudsters to collect their card information. In turn, it is more difficult for hackers to copy and use credit card information.

Check out Discover’s EMV Resource Center for helpful information about chip cards, the upcoming liability shift and more.

Paying with a chip is new, but it will soon be the norm. Many merchants are moving over to chip payment terminals

Apple Pay + Discover

If you have an Apple device you may already be familiar with Apple Pay. Discover recently announced that cardmembers are now able to add their Discover cards to Apple Pay.

Apple Pay is another easy way to pay in-store. It allows you to scan, pay, and go. No need to get out your wallet at all!

Discover Bonus

To celebrate the addition of Apple Pay, Discover is rewarding cardmembers in the U.S. with an automatic 10% Cashback Bonus®, on in-store purchases made with their Discover card using Apple Pay, through the end of the year. That can add up fast!

Same Card, Same Benefit

When using their Discover card on Apple Pay, Discover cardmembers will continue to receive all of the same great protection, services and benefits offered by Discover, including:

  • $0 fraud liability guarantee
  • 24/7 access to U.S. based customer care centers
  • Rewards that are earned through their card’s current rewards structure

Both ways to pay are different than you’re used to, but both offer great benefits to cardmembers.

Have you tried Apple Pay with your Discover card or used your chip-enabled card yet?

Want to know more? Head over to Discover and learn more or sign up for a new Discover card today.

Kelly

Disclosure: This post is sponsored by Discover. I was compensated for my time as part of the Discover Preferred Blogger Network. All opinions are my own.

About Kelly


Kelly Whalen is the founder and editor of the Centsible Life. She started the blog in 2008 as her family faced a mountain of debt and the fixer upper they purchased became a FIXER UPPER. The website was born out of her desire to share what was working (and what was not) on her family's journey to financial security. Kelly lives in Minneapolis with her family.

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Filed Under: Money, Sponsored Tagged With: apple pay, chip-enabled credit card, credit card bonus, discover, discover blogger network, discover card, discover preferred blogger network, EMV card, Sponsored


Comments

  1. Kymberly says

    October 21, 2015 at 10:10 pm

    Hi Kelly,

    Awesome article! Credit cards are changing and becoming more secure that is a very positive change. Do you think there will eventually be a movement towards eliminating credit cards all together?

    Kymberly

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Hi! I'm Kelly Whalen, writer, frugality expert, debt slayer, and money nerd. Welcome to the Centsible Life, my corner of the internet, where I help women live happier, healthier, and wealthier lives. My goal is to help you save time + money, so you can spend both how you want.

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