smart card

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  • noun

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a plastic card containing a microprocessor that enables the holder to perform operations requiring data that is stored in the microprocessor

References in periodicals archive ?
More than half (58 percent) of SBOs who have not yet transitioned to EMV payment technology said one of their biggest apprehensions is the cost associated with switching.
As a result of our EMV funding program, essentially all of our members were enabled to issue on or before the Oct.
Main Street's EMV architecture permits gateway operators, merchants and application software developers to quickly and easily deploy certified, EMV-enabled integrated point-of-sale solutions.
Main Street stated that these new certifications complement current EMV certifications for the Moneris and Chase Paymentech platforms in Canada, as well as forthcoming EMV certifications from other US processors.
Our work with more than 3,000 financial institutions and numerous EMV deployments makes Gemalto an experienced partner now and beyond the EMV migration.
Upgrading to EMV standards also ensures a business will be able to accept almost all payment methods.
Now, either the card issuer or merchant who doesn't support EMV chip card technology will assume the liability.
For more information on the solution, visit: Microsoft RMS EMV Chip and Pin Integration
The solution is intended to help the bank to make a smooth transition from magnetic stripe to EMV cards issuance.
For EMV issuance, they typically send the cardholder data to a secure personalization bureau which does the data preparation and then produces the card.
payments ecosystem to EMV by 2015, four years after the first road map was developed," says Dave Kaminsky, senior analyst in Mercator Advisory Group's Emerging Technologies Advisory Service and author of the report.
Once a merchant processes enough of their transactions on terminals capable of reading both EMV cards and NFC payment devices, it will become exempt from annually validating their compliance with the Payment Card Industry Data Security Standard.
In response to the market's uptake of EMV technology globally, the standards body has, for the first time, reported the figures by region.
As migration to EMV continues worldwide, Level Four and GALITT will build on their success in France to promote their joint offering in Canada.
EMV chip technology is a key platform for the global payment industry,and this is a significant milestone for Standard Chartered in our overall migration from magnetic stripe cards to EMV chip cards.