"Chip cards" are a type of credit or debit card that have a small computer chip embedded in them. These chips make the cards more secure and help protect against fraud when making purchases. Full definition
On top of it all, you also get the added security that comes with chip card technology, and their fraud liability guarantee. (lendedu.com)
One year after the liability shift, your chances of finding a working chip card reader at each store you visit are just one in three. (thesimpledollar.com)
New regulations that move the liability of fraud to merchants means that most magnetic cards are being replaced with chip cards. (nationalcreditfederation.com)