Electronic Payments Coalition

The Changing Landscape of Payments

Chip or “smart” cards are credit, debit or prepaid cards that have an embedded microchip

Microchip generates a dynamic one-time use code (a cryptogram)

Prevents the data from being re-used to create counterfeit cards

Updated last: 
September 17, 2015

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Associations Representing Banks and Credit Unions of All Sizes Call on Congress to Reject New Credit Card Mandates
EPC Highlights Credit Unions, Community Banks’ Opposition to Durbin-Marshall Credit Card Bill
Financial Institutions Still Trusted to Innovate and Protect Payments, but Retailers Must Do More
Electronic Payments Coalition
We are the credit unions, community banks, payment card networks, and institutions who support the backbone of our economic system: electronic payments.
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