Visa has announced it will move to chip cards for all its credit cards from next month.
Visa’s country manager Sean Preston said all 2.6 million Visa credit cards issued in New Zealand with a magnetic swipe strip will be replaced with the more secure chip cards within four years.
Retailers will have until June 1st next year to upgrade to chip-capable payment terminals, in time for the start of the Rugby World Cup. This means upgrading from software version 5.1. There are currently over 70,000 terminals in New Zealand that require this upgrade.
Once your terminal has been upgraded, you will need to know how to process chip card transactions. If you need assistance with this, view our handy instruction videos on You Tube.
If you are unsure if your terminal will require an upgrade, please check our countdown page or give us a call at Viaduct on 0800 484 238.
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