chip-enabled


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chip-enabled

Having an embedded microcontroller chip. See smart card and microcontroller.
References in periodicals archive ?
PSBank's EMV (Europay, Mastercard and Visa) chip-enabled cards have enhanced features that verify transactions made on card which limit the cases of care-present fraud incidents and identity theft.
Discover Global Network (DGN) is extending the US EMV fraud liability shift date for automated fuel dispensers to be chip-enabled from October 2017 to October 2020, the company said.
There were over 363 million chip-enabled Visa cards in the U.
Although EMV technology is designed to prevent fraud, the switch to chip-enabled credit cards will cause fraud to increase in the short term.
The new rules transfer liability for fraudulent transactions from the payment card companies to the businesses unless they have upgraded to an EMV-enabled system (Europay, MasterCard, Visa) that accepts chip-enabled credit or debit cards.
To begin accepting chip-enabled credit cards, merchants had to start using new point-of-sale credit card terminals, which range in price from $600 to $1,000 each.
Chase first began issuing chip-enabled cards in 2011 and now has more than 22 million of them in the market.
Sam's Club says it is the first mass retailer to actively implement chip-enabled technology.
Chip-enabled cards (also known as 'smart cards') are payment cards with a microprocessor chip embedded on the front of the card.
We view the chip-enabled Visa Signature Credit Card as a way for customers to experience greater card acceptance, enhanced security, and overall increased peace of mind while travelling internationally.
Summary: DUBAI - Building on the success of the UAE's first-ever initiative to open account and issue chip-enabled debit cards in just 30 minutes, Mashreq announced the extension of its instant banking service to 15 branches.
MANAMA: Bahraini retail and commercial banking institution BMI Bank has signed an agreement with Sinnad to manage the bank's ATM network and issue its chip-enabled debit cards.