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#FlashbackFriday to last year’s pumpkins! Can’t wait to see what our arteests do this year! Read More October 21, 2016
Read More October 20, 2016
The time has come for The Chamber NV #NNBS2016! We’ll see you there in just... Read More October 20, 2016
This free community seminar topic is back by popular demand! 10/26 @ 5:30 p.m. RSVP... Read More October 19, 2016
Getting ready for the The Chamber NV Business Summit tomorrow! Yes, that’s a mini cornhole... Read More October 19, 2016
Read More October 18, 2016
We’ll see you this Thursday at the #NNBS2016! Here from local experts and enter to... Read More October 17, 2016
Free community seminar complete with refreshments. Sounds like ladies night to me! RSVP below to... Read More October 17, 2016
Come see us at the last day of the Just Between Friends Reno Nevada sale... Read More October 16, 2016
#FlashbackFriday! Leaf blowing money around the branch was a fun day.[embed][/embed] Read More October 14, 2016


EMV Cards with Visa Chip Technology

emv card

It’s no secret that card fraud has become a big problem nationwide. Recently, there has been extra fraud alerts for the state of Nevada as a result of a high volume of recent fraudulent activity reports in the state. Fraud is occurring not because people are losing their wallets at an alarming rate, but rather the fraud is coming from hackers using transaction codes to find your credit card information and replicate it. One way to combat the fraud? EMV cards.

What is an EMV Card?

emv card

EMV card technology is a development in credit and debit cards that includes that little gold chip for increased financial security. EMV technology, which stands for EuroPay, MasterCard, and Visa, is available in both contact and contactless credit cards.

EMV cards have been appearing in the recent years in the United States as well as other nations in the world. Within the next few years, it may be rare to find a credit card without an EMV chip.

Visa Chip Technology EMV Cards

EMV cards are available through a few different carriers around the world. Visa Chip Technology utilizes a rotating token so that each financial transaction is transmitted with a unique, one-time code required by the merchant.

Visa uses a Dynamic Passcode Authentication with their EMV cards to protect your credit card information. Using a code that changes with each transaction rather than an actual card number makes it much more difficult for hackers to track down financial information and create counterfeit cards for fraudulent activity.

Benefits of EMV Cards

emv card

EMV cards, also called smart cards or chip cards, are more secure than the traditional magnetic strip cards. The microprocessor chip protects the cardholder’s data during transactions.

If someone were to steal the physical card itself, you would still need to call your local bank or credit union to stop all activity on the card. The EMV microprocessing chip only protects you from data theft for now. As technology advances, there may be even more solutions available to prevent credit card fraud should your card be stolen.

What EMV Cards Mean for Businesses

There is an upcoming liability shift this year when it comes to in-person credit card fraud. If you own a business and are using a traditional point-of-sale system, you will want to migrate to a system that is more up-to-date and compatible with EMV cards. If a business does not make the migration within this year and credit card fraud takes place at the business, the liability and fraud costs could end up being that business’s responsibility.

EMV Cards at Great Basin Federal Credit Union

At Great Basin Federal Credit Union, we are giving our account holders upgraded EMV credit and debit cards with Visa Chip Technology. Though upgrading to EMV cards is a bit of an undertaking, at Great Basin Federal Credit Union we are committed to protecting your financial information. EMV credit cards are currently being sent out to our cardholders, and we will be distributing EMV debit cards later in the year.

Contact us today to learn more about how Great Basin Federal Credit Union is taking care of their account holders, including the EMV card update!

Apple Pay

apple pay

Your mobile device can do just about anything, but can it be your credit card, too? Great Basin Federal Credit Union debit and credit cards are now compatible with Apple Pay, so your phone can act as your wallet!

About Apple Pay

Apple Pay allows Great Basin Federal Credit Union account holders to make purchases on the go with their mobile Apple devices. Apple Pay is available on iPhone 6 or Apple Watch for in-store purchases and iPhone 6, iPad Air 2 or iPad mini 3 for in-app purchases.

The mobile baking app uses the Passbook app on Apple devices to store the credit or debit card information. Apple Pay has additional convenience because your phone will vibrate and beep when a purchase is registered, so you know the transaction went through.

Where to Use Apple Pay

Apple Pay is a great option for those quick on-the-go moments where you do not have the time to get out your wallet. Already 220,000 different business across the country, from retail stores to restaurants and gas stations, are enabling Apple Pay.

The Apple Pay website provides a list of all of the locations that already accept Apple Pay. Just look for a Pay Wave or Apple Pay sign near the checkout area. The list of locations where you can use Apple Pay will continue to grow in the near future.

Safety of Apple Pay

Great Basin Federal Credit Union account holders who use Apple Pay have an additional luxury of fraud protection. When an account holder uses Apple Pay, the mobile banking app transmits a unique code for each purchase. Apple Pay purchases use a Device Account Number and a transition-specific dynamic security code, so your important financial information is protected.

If an Apple Pay user loses his phone, his credit card information is safe because the card information is not stored on the phone. Apple Pay is protected by TouchID, so anyone who has the phone cannot access your financial information.

Apple mobile device users can use the “Find My Phone” feature and add more security to Apple Pay to ensure the app is not used on the stolen phone. Apple Pay users can choose from added security measures such as require PIN entry for access, disable purchasing ability, or erase all financial information from Passbook.

Mobile Banking at Great Basin Federal Credit Union

Great Basin Federal Credit Union account holders can now add their credit or debit cards to the Passbook app for Apple Pay. Great Basin Federal Credit Union is committed to helping account holders make purchases easily and safely as technology develops.

Great Basin Federal Credit Union also has a mobile banking app for your other banking needs! Pay bills, view your accounts, and more. GBMobile, the Great Basin Federal Credit Union mobile banking app, is available for Android and Apple mobile device users alike.

Make your Great Basin Federal Credit Union debit or credit card your default card on Apple Pay today! For more information or instructions, visit our website. You can also download GBMobile through the iTunes Store and Google Play for your iPhone™, iPad™, iPodⓇ Touch, or Android device!

Find Good Auto Loan Rates

auto loan rates Reno

Buying a car can be a big and exciting decision in your life. When preparing to purchase a car, there are some things to think about to find the right auto loan.

Great Basin Federal Credit Union offers loans for both new and used cars, as well as auto loan refinances, so you can choose a loan for your life’s needs and your budget. We can help you every step of the way, from auto loan pre-approval to auto loan advice and helping you improve your credit.

How to Get Good Auto Loan Rates

auto loan rates Reno

Here are tips and tricks to get the best auto loan rate.

Good auto loan rates are available if you know a few different tips and tricks to prepare yourself. For starters, your best deal on an auto loan rate may not necessarily be at the same place you get the vehicle. Make sure your lender is someone you trust, and remember to keep in mind the total cost of the auto loan over your lifetime.

Finding a good auto loan can be made easier with patience, persistence, research, and some good advice from your Credit Union.

What is an Auto Loan Pre-Approval?

When looking into auto loans and auto loan rates, you may stumble upon the term auto loan pre-approval. Going through the auto loan pre-approval process is a great option because it helps you understand how your finances match your auto purchase.

Going through the pre-approval process allows you to feel empowered when you go to the car lot. You have a better sense of what your real budget’s bottom line is, since the pre-approval helps you understand what your auto loan rate will look like.

Great Basin Federal Credit Union’s auto loan pre-approval lasts for 45 days, so you can take the time to find the car that is right for you and fits your budget!

What To Look For in Auto Loans and Rates

When shopping around for auto loan rates, you will want to find make sure your auto loan and your potential car choice are in the same monetary range. If you are looking for a car and what is a good price to pay for it, Kelley Blue Book is a great resource.

You will also want to take into consideration your timeline for how long you would like your auto loan to be active. A loan term is frequently dependent upon the amount financed, so keep this in mind before you make your financial commitment.

Low Rate Auto Loans

auto loan rates Reno

Get a great auto loan rate at Great Basin Federal Credit Union!

Great Basin Federal Credit Union is currently offering an low auto loan rate of 2.55% APR. This great auto loan rate is available not only to buy new or used cars, but this auto loan rate is also available for anyone interested in moving their current auto loan over to Great Basin Federal Credit Union.

This low auto loan rate offered by Great Basin Federal Credit Union is not only for purchasing new and used vehicles, but it is also used to help people refinance current auto loans. If you currently carry an auto loan with an unmanageable loan rate, we can help.

Contact us to learn more about our limited-time low auto loan rate today!