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Does the chip store additional information regarding my transactions and personal information?

April 26, 2017additional chip store transactions

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Does the chip store additional information regarding my transactions and personal information?

2 Answers

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A. No, the chip cannot obtain any additional personal information. The chip holds the same personal data as that on the magnetic stripe (eg cardholder name, card number and expiry date), and the chip also provides additional security features to safeguard against counterfeiting.

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No, the chip cannot obtain any additional personal information. The chip holds the same personal data as that on the magnetic stripe (eg cardholder name, card number and expiry date), and the chip also provides additional security features to safeguard against counterfeiting.