smart card

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  • noun

Words related to smart card

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 ?
However, the shift to the EMV technology among financial institutions were not synchronized thereby resulting to interoperability issues prompting the BSP to issue Memorandum 2017-019 to accelerate full migration of the entire payment systems network to EMV technology and setting the June 30, 2018 deadline.
PoS terminals in supermarkets, restaurants, shopping malls and other establishments are also converting to EMV.
PoS terminals found in supermarkets, restaurants, shopping malls and other establishments are converting into EMV, as well.
Given the ongoing rate of EMV chip technology adoption, EMVCo acknowledges that real-time figures for transaction volumes today are likely to be higher than the reported June 2017 figure," EMVCo added.
Following the global migration trend, the State Bank of Pakistan has instructed all commercial banks to migrate their entire card base to EMV.
The analysts forecast global EMV cards market to grow at a CAGR of 16.
3%) of EMV chip transactions in card-present payments in 2015, the report found.
Unfortunately, shoppers in many supermarkets still can't use EMV cards at checkout terminals.
Analysts within the credit card industry have focused on the shift of fraud from the retail store to the online world while overlooking a serious issue that overseas deployment of EMV chip cards has shown.
EMV is a set of technical standards that has been around since the mid-1990s.
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.
Upgrading to EMV standards also ensures a business will be able to accept almost all payment methods.
However, automated fuel dispensers have until 2017 to convert to EMV technology.
com)-- System Solutions released the Microsoft RMS EMV Chip and Pin Integration.
Global Banking News-December 18, 2014--OMA announces completion of EMV card personalisation for SIB