Sentences with phrase «traditional magnetic stripe cards»

Ubiquitous throughout the US and EU, the EMV credit card, also known as a chip card, uses an integrated circuit to generate single - use codes for each purchase, making them more secure than traditional magnetic stripe cards.

Not exact matches

Banks are pushing for the switch to EMV technology because cards with chips are more difficult to counterfeit than the traditional American credit card with a magnetic stripe.

An EMV or chip card is a standard card that contains an embedded microchip as well as a traditional magnetic stripe.

A chip card is a standard - size plastic credit or charge card with both an embedded chip and a traditional magnetic stripe.

While traditional credit cards work by storing user information on a magnetic stripe, RFID (which comes standard on most new cards) stores information about the card and its owner in a small microchip.

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.

Some issuers and frequent travelers claim that such cards are easier to use in Europe than the traditional cards with magnetic stripes.

Because the watch uses both NFC and magnetic stripe technology, it works with traditional credit card readers.