LorMet’s NEW Debit Card With Tap-to-Pay

LorMet is upgrading our MasterCard Debit Cards with contactless tap-to-pay technology, making everyday purchases faster, easier, and more secure.

New Contactless Debit Cards will be available for order by mail (receive in 7 – 10 business days), beginning Monday, March 23rd.

NOTE: Contactless cards are currently not available for instant issue in branches

Key Benefits:

• Faster Checkout
  Simply tap your card at the terminal. There’s no need to insert, swipe, and wait.
  
• Built-In Security
  Your new debit card features an embedded chip that will help increase security and reduce fraud.
  
• Works Everywhere
  Look for the contactless symbol to tap and pay. If a terminal doesn’t support tap, your card will still work by inserting or swiping.
  

No immediate action is required. When reissued, your debit card number will remain the same.

Frequently Asked Questions:

Why am I receiving a new debit card?

LorMet Community Federal Credit Union is upgrading our debit cards to better serve your needs. This change requires that a new card be issued.

Will I have a new PIN number so I can access cash from my debit card?

You will select your unique PIN by calling the number on the activation label and choosing the PIN option when you receive your new debit card.

What is EMV?

EMV stands for Europay, Mastercard® and Visa®. EMV chip technology is becoming the global standard for debit cards and debit card payments. This smart chip technology features debit cards with embedded chips that will help increase security and reduce fraud. This standard has many names worldwide and may also be referred to as: “chip and signature.”

Will all merchants be able to accept my EMV (chip) credit card?

Yes. Your card will be accepted at all merchant locations.  

What do I need to do if I have preauthorized or recurring payments that are tied to my existing LorMet debit card?

To ensure there is no interruption in recurring or preauthorized payments (such as monthly telephone, electricity, gas bills, insurance, clubs), contact the merchant with your new card information.

Questions? Contact your nearest branch