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Credit Cards

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ALSO CALLED: Bank Credit Cards, Charge Cards
DEFINITION: Chip and PIN is a UK government-backed initiative to implement the EMV (short for Europay, Mastercard and Visa) standard for smart payment cards. A similar effort is also underway in the Republic of Ireland. The name of this initiative stems from the presence of a semiconductor chip and associated circuitry in the smart card, which is used in tandem with a PIN (personal identification number) . In  … 
Definition continues below.
Credit Cards White Papers (View All Report Types)
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CW+: How to manage expenses in small and mid-sized businesses
sponsored by ComputerWeekly.com
WHITE PAPER: More than ever, small businesses need to efficiently control costs and optimise cash flow, but how, and what role does automation play in this process?
Posted: 20 Oct 2011 | Published: 20 Oct 2011

ComputerWeekly.com

Expanding Business Benefit and Lowering Costs Through Desktop Optimization
sponsored by Microsoft
WHITE PAPER: Access this report to read about an IDC study that found the Microsoft Desktop Optimization Pack (MDOP) to have a 438% ROI over three years, improving both IT and end-user productivity.
Posted: 14 Dec 2011 | Published: 14 Dec 2011

Microsoft

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sponsored by Intel and HP
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Sophisticated insights in Banking - From complexity to client centricity
sponsored by IBM
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Posted: 18 Nov 2011 | Published: 18 Nov 2011

IBM
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CREDIT CARDS DEFINITION (continued): … Chip and PIN is a UK government-backed initiative to implement the EMV (short for Europay, Mastercard and Visa) standard for smart payment cards. A similar effort is also underway in the Republic of Ireland. The name of this initiative stems from the presence of a semiconductor chip and associated circuitry in the smart card, which is used in tandem with a PIN (personal identification number) . In use, the smart card is placed into a PIN pad terminal or modified swipe-card reader, which accesses the chip in the card. The user enters a 4-digit PIN that is checked against the information stored on the card. If the entered PIN matches the stored value, the transaction is permitted to proceed.Chip and PIN went through a pilot test in Northampton starting in May 2003 and was rolled out nationwide in 2004. In 2005, retailers became responsible for fraudulent credit card purchases. This event spurred wholesale adoption of new POS (point of sale) systems that incorporated EMV support.
Credit Cards definition sponsored by SearchSecurityUK.com, powered by WhatIs.com an online computer dictionary
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