News

Wells Fargo to test chip-embedded cards

April 14, 2011

Wells Fargo is going to send 15,000 EMV chip-embedded credit cards to frequent travelers this summer, according to The Consumerist. Consumers had complained about having trouble using their credit cards abroad with kiosks that only accepted chip cards or with merchants who refused to take cards that only have the magnetic strip.

EMV cards, which stands for Europay, Mastercard and VISA, are the standard in Europe and in many international destinations. The card has a PIN, which is embedded in the card's gold chip and has to be keyed in at purchase.

Wells Fargo is the biggest American bank to publicly test pin and chip cards in the US.