Sentences with phrase «magnetic stripe transactions»

PS: Typically, chip - card transactions do not take much longer than magnetic stripe transactions.

By that I mean that, as things stand today, when everything's set - up correctly, on both the merchant's end and the payment processor's end, and working properly chip transactions should only take slightly longer than magnetic stripe transactions.

The Gear Sport also lacks support for Samsung Pay's magnetic stripe transaction tech, though the Sport will still work at terminals that support NFC.

Not exact matches

Unlike the traditional magnetic - stripe cards, every time an EMV card is used for payment, the card's chip creates a unique transaction code that can not be used again.

As with magnetic - stripe cards, EMV cards are processed for payment in two steps: card reading and transaction verification.