What are the benefits of the chip card to consumers?
Consumers have a lot to gain from the migration to chip technology. Benefits include: • Added security: Chip cards provide additional protection to avoid disclosure of personal information and are very difficult to copy. • Added convenience: Greater speed and convenience at the point of sale. The chip platform also allows for the addition of non-payment applications, such as reward programs, in the future. What are some of the features that may ultimately end up on a chip card? The potential of chip cards lie in multi-application cards carrying a series of applications from banks and their partners that can be tailored to suit specific groups of customers. Over time, chip cards could be used for: • A choice of payment applications • Loyalty or rewards programs • Public transportation fares • Secure Internet access for e-commerce Will chip card transactions be conducted differently than magnetic stripe transactions? Cardholders can expect to see two changes when conducting a chip transa
Consumers have a lot to gain from the migration to chip technology. Benefits include: • Added security: Chip cards provide additional protection to avoid disclosure of personal information and are very difficult to copy. • Added convenience: Greater speed and convenience at the point of sale. The chip platform also allows for the addition of non-payment applications, such as reward programs, in the future. What are some of the features that may ultimately end up on a chip card? The potential of chip cards lie in multi-application cards carrying a series of applications from banks and their partners that can be tailored to suit specific groups of customers. Over time, chip cards could be used for: • A choice of payment applications • Loyalty or rewards programs • Public transportation fares • Secure Internet access for e-commerce Will chip card transactions be conducted differently than magnetic stripe transactions? Cardholders can expect to see two changes whe
