[BNC-all] BNC E-news for the week of Sept. 12th

[Anthrop, Heather L]

Magnetic stripe commercial purchasing, travel cards will be cancelled for cardholders with chip cards beginning September 19


Several months ago, J.P. Morgan Chase issued commercial chip enabled credit cards (both purchasing cards and travel cards) to replace magnetic stripe cards. Their records show that not all of the chip cards have been activated, and some cardholders are still using their magnetic stripe card.
What to expect

  *   Beginning September 19, cardholders who have both a magnetic stripe and a chip card will have the magnetic stripe card cancelled.
  *   After September 19, if a cardholder attempts to use the magnetic stripe card, transactions will be declined with a reason code of "expiration date invalid".
  *   Any existing transactions on the magnetic stripe card will transfer to the chip card.
What staff and cardholders need to do
By September 19, contact cardholders and instruct them to activate and begin using the chip card as soon as possible.

  1.  A chip card has not been sent out for all cards.
     *   If a chip card has been received, it needs to be activated, as the magnetic stripe card that it replaced will no longer work as of September 19. (Most of the cards replaced so far have been for those who travel and study abroad)
     *   Magnetic stripe cards that have not been replaced with a chip card will receive the chip card upon its natural renewal date, so there is no action to take at this time.  Those cards will remain active.
  2.  All purchasing cards (even PRF cards) and all travel cards are included.
Questions should be directed to pcard at purdue.edu<mailto:pcard at purdue.edu>.


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