How Do Chips Make Credit Cards More Protect?

Flower
Flower


If you reside in the United States, you may have just recently gotten a charge card with a microchip on it. What does this chip do that makes it any various than the magnetic strip on the back of the card?
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Sources:
http://www.zdnet.com/article/the-pin-debate-retailers-banks-divided-on-post-emv-card-security/
https://www.nbcnews.com/business/consumer/one-year-are-chip-cards-effective-or-just-very-annoying-n663851
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https://www.theguardian.com/commentisfree/2014/ jan/27/ target-credit-card-breach-chip-pin-technology-europe
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