Chip Card definition

Chip Card means a Card with an electronic processor embedded in the Card that complies with the EMV integrated circuit card specifications;

Chip Card or “Chip Cards” means a Card which has a chip embedded in it and which is driven by a PIN;

Chip Card means a Card with an embedded EMV-compliant chip containing memory and interactive capabilities used to identify and store additional data about a Cardholder, account information or both.

Examples of Chip Card in a sentence

• All debit card Transactions will be swipe-PIN based Transactions and all credit card Transactions will be either swipe- based Transactions or PIN based Transactions (in the event of a Chip Card).

• When a Chip Card Transaction is processed, certain additional security checks relating to data stored on the Card take place.

• When a Chip Card Transaction is processed, the Merchant must verify that there has not been any visible attempt to remove, re place or, damage the chip.

• If a Chip Card Transaction is processed, the Terminal may prompt the customer to enter a PIN.

• When presented with a Chip Card: You must ensure the Card is inserted into the reader of the point-of-sale terminal (unless the Charge is processed through Contactless Technology, in which case you may follow the steps outlined in Section 1.5 below).

More Definitions of Chip Card

Chip Card means a Card that contains a chip on which data is stored (including Cardmember Information), which an enabled point of sale terminal can read in order to facilitate the processing of the Charge. Consumer Device Cardmember Verification Method (CDCVM) means an American Express approved and recognised Cardmember verification method whereby the Cardmember’s credentials are verified on a Mobile Device. Controller means any individual(s) who exercise(s) control over the management of the company (or other entity with a separate legal personality), for example a director (including a shadow director or defacto director) or equivalent.

Chip Card means encoded electronic chip card in the EMV standard (Europe Master and Visa) with high security.

Chip Card means a Credit Card or a Debit Card with an integrated microchip. This chip may contain confidential information such as the Cardholder’s account number and, where applicable, their PIN;

Chip Card means a Card that contains a chip on which data is stored (including Cardmember Information), which an enabled point of sale terminal can read in order to facilitate the processing of the Charge. Consumer Device Cardmember Verification Method (CDCVM) means an American Express approved and recognized Cardmember verification method whereby the Cardmember’s credentials are verified on a Mobile Device. Covered Parties means any or all of Your employees, agents, representatives, subcontractors, processors, providers of Your point of sale equipment or systems or payment processing solutions, and any other party to whom You may provide Cardmember Information access in accordance with this agreement. Credit means the amount of the Charge that You refund to Cardmembers for purchases or payments made using a Card.

Chip Card means a Card with an embedded computer chip. If your Card has a gold chip in it, your Card is a Chip Card;

Chip Card means a plastic Card with an electronic processor (chip) embedded into the Card that complies with the Eurocard, MasterCard International and Visa International (EMV) Integrated Circuit Card Specifications;

Chip Card means a card embedded with a Chip that communicates information to a point-of-transaction terminal.