chip card


Also found in: Dictionary, Thesaurus, Medical.

chip card

[′chip ‚kärd]
(computer science)

chip card

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

(2) A module that contains memory chips. See memory card.
References in periodicals archive ?
Among US merchants, just 27 percent were expected to be ready to accept chip cards by the deadline a month ago, according to management consultant The Strawhecker Group.
CardFlight's PCI-DSS Level 1 compliant gateway has been certified by First Data to accept EMV chip card transactions.
* EMV chip cards. Nearly all customers have them, and by accepting chip cards, you won't be financially liable for counterfeit card fraud, and you'll reduce your liability in the event of a chargeback dispute.
A recent survey of NRF members found that 86% of retailers plan to have the EMV chip card technology fully implemented by the end of 2016.
merchants were able to accept chip cards as of February, with a June estimate of 50 percent.
* When the merchant conducts "fallback transactions." A fallback transaction is one that is initiated between a chip card and a chip terminal but, for whatever reason, chip technology is not used and the transaction is completed via magnetic strip.
Houston, TX, January 28, 2016 --(PR.com)-- Dolphin Debit (www.dolphindebit.com), the full service ATM management company, has launched an aggressive effort to help credit unions and banks with the transition of their ATMs to read EMV chip cards, ahead of the coming October industry deadline for ATM compatibility with the new cards.
Connecting to the iPhone or iPod touch via the Lightning connector, the Infinea mPOS delivers built-in flexibility and enhanced mobile payment security by accommodating a traditional credit card with a magnetic stripe, an EMV chip card with PIN entry and contactless payments.
Now, either the card issuer or merchant who doesn't support EMV chip card technology will assume the liability.
However, the magnetic strip on the back will only be used in the event that a merchant does not have a chip card reader.
Amber Systems Technologies (AST) has integrated EMV chip card processing from Moneris Solutions Corporation (Moneris), one of North America's largest payment processors and an EMV technology leader, into its popular Vigore POS restaurant management software.