chip card


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chip card

[′chip ‚kärd]
(computer science)

chip card

(1) A credit card or ID card that contains a microcontroller chip. See smart card.

(2) A module that contains memory chips. See memory card.
References in periodicals archive ?
First Service Credit Union is stressing to members that they have to begin to change the way they use the chip card when they encounter new card readers.
SunTrust has started issuing chip cards for new card accounts and for existing cards as they expire.
Most financial institutions and card issuers are sending their customers chip cards that require signatures for verification, rather than PINs.
According to an ICBC official, compared with the traditional magnetic-stripe cards, chip cards are more secure and easier to use with wider applications, and have become the future trend of financial consumption.
VeriFone is eager to work with Canadian banking organizations and merchants to ensure a smooth migration to the chip card standard, which will provide consumers with greater security and access to new card services," said Jeffrey Dumbrell, general manager of VeriFone Canada.
We are glad to cooperate with MeaWallet and Chip Card, and we believe in our fruitful and productive relationship in future, says Maris Ozolins, Director of Cards, Tieto.
With the certification, Vx Solutions products, including dial-up and IP-based countertops as well as wireless based mobile devices, will be able to support EMV cards and China UnionPay branded chip cards inside and outside of China.
By promoting chip card products and services in environment-friendly application, utilities and day-to-day consumption, ICBC has seen a comprehensive line of chip card products, significantly boosting the development of livelihoods and upgrading of household consumption.
For instance, ICBC and China Taiping Insurance Group jointly launched the first nationwide co-branded chip card integrating financial and banking insurance functions.
This project by ICBC signifies the substantial progress of China's financial chip migration projects as banks in China accelerate the migration from magnetic stripe to chip cards.
ICBC-Taiping" co-branded chip card is a new financial product tailored for Taiping's life insurance customers and property insurance customers.
The combination of using a standard EMV payment chip card such as OneSMART along with the secret PIN results in a strong, two-factor authentication process that deters identity phishing attacks and reduces the fraudulent use of stolen cards.