It in addition permits card holders to readily use the cards when traveling abroad, since chip cards
are at present the international standard in secure transactions.
How do the new chip cards
differ from older credit cards?
So far, ICBC's chip cards
have found extensive application in various sectors including transport, aviation, energy, medicals, commerce, tourism, telecommunications, schools, enterprises, social security and urban all-in-one card systems.
The Vx 510 countertop payment system provides extraordinary performance for credit and debit payment, with support for magstripe, chip card
and contactless smartcard transactions and the ability to add a value-added application such as gift card or telco top-up.
The partnership with Tieto and Chip Card
will bring mobile payments and mobile value added services to the next level.
On the home front, China could accelerate its acceptance infrastructure expansion rate to accept foreign issued EMV or China Unionpay branded chip cards
, without the fear of high fraud rates that can accompany a surge in tourism.
ICBC has also launched multiple chip card
products supporting offline payment to meet the rising demand for easy payments in China.
ICBC has launched different kinds of chip card
products that support offline payments to meet the rising demand for speedy payments from the customers.
A chip card
has an embedded microchip that can store much more information.
ACI Worldwide (Nasdaq:TSAI), a leading international provider of enterprise payment solutions, today responded to the recent Interac Association decision to have a Canadian chip card
infrastructure in place within two years by confirming that two Canadian customers have already licensed EMV-compliant software from ACI.
Market experts expect that the additional benefit of software compatibility will further accelerate the introduction of 32-bit solutions, as the smart card industry demands chip card
controllers offering high performance and EEPROM memory of at least 64K bytes.
Recognition Systems, the biometric component of Ingersoll-Rand's (IR) Security & Safety's Electronic Control Systems, announced today that the Port of Rotterdam (Netherlands), an international center of trade, transshipment, industry and distribution, is using hand geometry technology in conjunction with a smart chip card
to verify that truck drivers entering and exiting the port are who they say they are.