Nevertheless, Visa is determined to help Canadian merchants prevent any criminal attacks related to the Chip technology processing via its Visa payWave contactless technology. Visa payWave enables customers to simply wave their Chip card in front of a contactless reader at checkout, without the need to sign or use their PIN.
Canada’s migration to Chip card technology is considered an important step in harnessing the protection of business and customers from fraud related liability.
In addition, Visa chip cards will continue to have a magnetic stripe to ensure that cards can be used globally and there will continue to be fraud prevention measures on all cards and on the Visa network. Merchants will experience no change when accepting magnetic stripe cards.
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