smart card

(redirected from Chip card)
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An updatable credit card-sized card with embedded integrated circuits that can receive input processed—via ICC applications—and deliver it as output
Segen's Medical Dictionary. © 2012 Farlex, Inc. All rights reserved.

smart card

, smartcard (smart kard)
A plastic card, resembling a credit or debit card, that can provide identification, authentication, data storage, and other applications, such as a health insurance card on which the critical details of a person's health history are encoded.
Medical Dictionary, © 2009 Farlex and Partners
References in periodicals archive ?
Many consumers won't be affected this holiday season -- if they don't have chip cards yet or they shop at retailers that don't accept the new cards.
The United States market is in the midst of migrating from magnetic stripes to more secure EMV chip cards for retail purchases.
Chip card transactions that take more than five seconds to be completed jeopardize a shopper's loyalty to a retail brand, according to a report issued last month by Cayan, a payment technology company.
Then, the chip card interacts with the checkout equipment and a transaction message is sent to the cardholder's bank or card company to authorize or decline the transaction.
Specifically, merchants may be liable if the card has been counterfeited with track data copied from a chip card, and the card is subsequently swiped at a device that is not chip-enabled.
With so many credit union members already receiving new chip cards, Dolphin Debit anticipates confusion among those members when they start assuming the cards also work in the same manner at non-EMV ready ATMs.
Merchants using this future-proof system are compliant with the EMV chip card security standard in the U.S.
EMV cards have been used for about a decade overseas, and now payment networks MasterCard, Visa, Discover Card, and American Express are adopting EMV chip cards. The networks established the October 1 deadline for shifting fraud liability to encourage all payment processing parties to become EMV-compliant.
1 is the deadline for banks to issue new chip cards to consumers.
Vigore POS software with integrated EMV chip card processing from Moneris is available directly through AST, or through a local Vigore POS reseller.
icon, scroll over the vase image and voila--up pops a chip card with the Sherwin-Williams paint match along with a bunch of complementary color chips.