chip reader

(redirected from Contactless card)

chip reader

A merchant terminal that reads and writes a credit or debit card that contains a microcontroller chip. To make a payment, the card is inserted into the reader and removed when the transaction is completed. See EMV and card reader.


Contact and Contactless
This Verifone reader accepts chip-based credit and debit cards (arrow) as well as contactless payments via NFC. (Image courtesy of Verifone Systems Inc., www.verifone.com)







Insert and Wait
Unlike the magnetic stripe which is quickly swiped through the reader, the chip card is inserted and only removed when the transaction is completed.







A Wireless Terminal
Also accepting payments via chip cards or NFC, the Square reader is a portable unit that transmits via Wi-Fi to a tablet or smartphone. (Image courtesy of SQUARE INC., www.squareup.com)
References in periodicals archive ?
Global Banking News-June 21, 2013--Gemalto launches contactless card in Latvia(C)2013 ENPublishing - http://www.
Shoppers in the UK can now pay for purchases of up to GBP20 using contactless card technology.
The contract is for a customizer contactless card that carries the electrical personalization service, graphic printing, electrical charging of contracts and direct mail.
With this new payment service, the bank is driving contactless card innovation in Spain and can offer new services to its 10.
A combination of SecuRead and the SecureKey technology in a smartphone or tablet allows these devices to support strong two-factor authentication using a contactless credential on a smartphone or contactless card.