News

Chase Card Services expands EMV chip technology offering

June 19, 2011

Chase Card Services has announced that EMV chip technology is now available on a second credit card in the company’s portfolio, the J.P. Morgan Select Visa Signature card.

In April, Chase became the first major U.S. bank to produce EMV technology featuring chip-and-signature on its J.P. Morgan Palladium credit card. Both cards provide consumers with better ease of use and stronger security while traveling abroad.

The J.P. Morgan Select credit card with chip-and-signature technology features both an embedded encrypted chip and traditional magnetic strip to accommodate merchants in the United States. The embedded microchip of chip-and-signature makes the card extremely difficult to copy because the encrypted chip enables safer processing and storing of data.

European financial institutions and merchants have been using chip cards and terminals, so cards with chip-and-signature technology offer more streamlined credit card purchases while traveling in Europe, Asia, Canada and elsewhere abroad.

“We’re continuously evolving our offerings with our customers’ best interest in mind,” said David Porter, general manager, Chase Card Services, a division of JPMorgan Chase & Co. "Offering EMV chip technology on the J.P. Morgan Select credit card is an expansion of our ongoing commitment to offer customers the highest level of security and convenience when traveling abroad. EMV also enhances this premium credit card that features robust point accrual and redemption rewards on the Ultimate Rewards platform.”

Chase’s cards with chip-and-signature technology can be used everywhere traditional magnetic strip cards are accepted in the U.S. and in more than 130 countries abroad where chip technology is implemented.