Chip Card is a payment card with a built-in microchip. With the processing power of the chip, smart cards offer new payment options and services, an extra level of security and more convenience and choice.
of smart cards with enhanced security
in combination with a personal identification number (PIN) is a solution against counterfeit card fraud and card loss or theft. The chip prevents forgery of the card and the PIN uniquely identifies the cardholder so that it cannot be used by others if it is lost or stolen. When using a smart card at a point of sale, transaction messages sent by the smart card to authorize a transaction do not contain data that could be used to perform unauthorized chip transactions by counterfeiting the chip or reusing data from previous transactions.
is already widely used in Europe and Asia and has proven to be very effective in fighting fraud. As many countries adopt chip and PIN technology, international cardholders should be aware that if the card issuer has configured their card with a preferred PIN, they may need to use the PIN to verify chip card transactions.
Chip cards not only protect against fraud, they are easy to use in your wallet thanks to the possibility to combine multiple functions in one card. B. Rewards Programs, Discounts and Special Offers.
EMV stands for Europay, MasterCard and Visa, the three organizations that developed and established EMV as the global standard for chip-based credit and debit transactions. Visa cards are still used worldwide as the EMV standard helps maximize security and global interoperability.