First Tennessee Bank, a subsidiary of First Horizon National, is set to introduce EMV chip-enabled credit, debit and prepaid cards from October 2015.

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EMV chip cards make use of an embedded microchip to convert cardholder information into a unique code that is hard to duplicate, thereby improving security against fraud.

The rollout will start in October with chip-enabled credit cards, followed by debit cards in January 2016 and later prepaid cards.

Existing magnetic-stripe cards will be replaced, free of cost to customers, with EMV chip cards after they expire or following a request for a replacement card.

To use the new chip cards, customers need to insert it into the reader and keep it there till the transaction is completed.

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The new cards will however, also incorporate a magnetic stripe to enable customers to swipe their cards in case an EMV-enabled terminal is not present.

First Tennessee head of consumer banking Dave Miller said: "Security breaches at national retailers have put customer information at risk and inconvenienced customers who have to replace their cards.

"The chip-enabled cards will offer an extra layer of protection for customer data. First Tennessee is working hard to stay ahead of fraudsters and protect customers."