A chip card
has an embedded microchip that can store much more information.
We are already seeing some professional football teams utilizing the Stored Value Chip Card
technology, and we expect this technology to change the way concessions are purchased," said Nicholas Cooney, president of Downers Grove, Ill.
A chip cardholder logging onto a secure member Web site is prompted to insert the chip card
into a card reader and enter a passcode.
VeriFone is eager to work with Canadian banking organizations and merchants to ensure a smooth migration to the chip card
standard, which will provide consumers with greater security and access to new card services," said Jeffrey Dumbrell, general manager of VeriFone Canada.
The pre-authorized function will also become a standard feature of the multi-functional chip card
cards of the future.
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.
December 1993, Visa completes its own chip card
specifications and successfully recruits MasterCard and Europay to form a working group for joint industry-wide specifications.
This project by ICBC signifies the substantial progress of China's financial chip migration projects as banks in China accelerate the migration from magnetic stripe to chip cards
Interac's migration to chip card
technology represents a significant investment, and our products will enable Canadian financial institutions take advantage of this investment with proven, low-risk technology.
Further information on Infineon's product portfolio of chip card
ICs is available at www.
By using our HandReaders together with smart chip cards
, the Port has implemented a fast method of identifying drivers, avoiding costly transport delays while still ensuring the highest security.
UnionPay chip card
standard is compatible with the international EMV standard.