![The Europay, MasterCard and Visa chip is often called an “EMV chip.” The microchip located above the card number is designed to protect consumers from huge security breaches.](https://secure.caes.uga.edu/news/multimedia/images/2476/ChipCardsLR.jpg)
EMV Chips
The new EMV credit and debit cards may take longer to process, but they protect you from fraudulent charges at retail stores. Online and phone purchases are a different story.