ATM alert! These credit cards, debit cards will stop working; do you hold any of them?
In the new credit cards and debit cards, EMV chips are placed close to the top of left edge, and look similar to the chip on a SIM card. The EMV chips-based cards will now replace the older cards, which are packed with a magnetic stripe at the back.
The EMV chips-based cards provide more secure means of digital transaction, while the magstripe cards are easier preys to banking frauds like skimming. Image source: Reuters