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Press Release

FinovateSpring 2016 Product Launch

Chip Shield introduces $20 personal chip card reader to prevent online fraud

Aims to use bank chip cards to protect consumers while shopping and banking online

San Mateo, CA – May 12th, 2016 – Chip Shield demonstrated their consumer focused personal chip card reader for the first time at the FinovateSpring 2016 conference in San Jose, and announced general availability of the product by end 2016 with an introductory price of just $20.

The Chip Shield Reader fits in the palm of your hand and connects to desktop computers over USB and mobile devices over the audio connector.  The device works with any credit or debit chip card, and with the Chip Shield Web Assistant browser extension, it can provide enhanced security for any online merchant without any changes to those sites.

David Marsyla, Founder and CEO of Chip Shield commented: “We’ve all been getting chip cards to help protect us in stores, but when we go online we still type in the same 16-digit card numbers and passwords we’ve used for 20 years.  It’s time to start extending chip based security to protect us online and reverse the rapid growth of fraud and identity theft.”

Chip Shield leverages the encryption technology built in to your new bank card to generate unique private key signatures that will unlock your online accounts and personal data only when your card is inserted into the Reader.

The Chip Shield Web Assistant securely injects payment data into merchant websites and eliminates all manual data entry. This helps protect customers from computer viruses that track keyboard input and accelerates the check-out process down to a few seconds.  The Assistant can also provide extended authentication to protect online banking sites.

Chip Shield is also integrating their products with bank’s card processing systems to generate single-use CVV codes for each purchase to protect customers from compromised merchant sites.

According to Javelin Research, the introduction of EMV chip cards in retail stores is pushing fraud online and losses from e-commerce and account takeover fraud could exceed $25 billion in the next few years.

At Chip Shield, we’re dedicated to reversing these fraud trends and protecting your online payments and identity.

Sign up for Chip Shield Early Access at

Banks interested in branded versions for their customers can visit or contact us at

Chip Shield is based in San Mateo, CA and was founded to provide customer focused solutions for secure online payments and identity, while simplifying and accelerating the online checkout experience.

Members of the press interested in our solutions can visit to download our press kit or contact us at


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Want to interview us or write about Chip Shield? Reach out to and we’ll be happy to speak with you!