Editing Interac (section)

====Interac chip cards====
In 2007, Interac announced it would be moving to [[EMV]] [[Smart card|chip card]] technology.<ref>{{cite web |url=http://www.interac.ca/consumers/chip.php |title=What is Chip Technology &#124; Interac |publisher=Interac.ca |date=31 December 2012 |access-date=18 October 2013 |archive-date=5 August 2012 |archive-url=https://web.archive.org/web/20120805220631/http://www.interac.ca/consumers/chip.php |url-status=dead }}</ref><ref>{{cite web|title=Interac Association Chip Guide|url=http://epossuppliers.com/interac-association-chip-guide/|publisher=EPOSS|access-date=22 May 2014|archive-url=https://web.archive.org/web/20160107105959/http://epossuppliers.com/interac-association-chip-guide/|archive-date=7 January 2016|url-status=dead|df=dmy-all}}</ref> The main benefit to this technology over the existing magnetic stripes is that the chips are almost impossible to copy due to high levels of encryption.