chip reader


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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)
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References in periodicals archive ?
There are four major components to the DNA chip market: microfluidic equipment and arrayers, chip readers, the aftermarket (including reagents and consumables), and service.
Volunteer Norma Morris, from Penrhyn Bay, said the group desperately needed more chip readers.
Though some merchants have yet to embrace chip readers, technology has advanced another step forward.
WASHINGTON -- Delays by the card industry have left thousands of new chip readers unused and consumers with less improvement in security than what was sought by merchants, the National Retail Federation (NRF) asserted on the one-year anniversary of the deadline for retailers to accept new chip-based credit and debit cards.
Merchants that do not use chip readers became liable for counterfeit transactions beginning on Oct.