The chip in debit and credit cards is an electronic circuit designed to secure card peer interactions. This chip processes the data securely and encrypted by communicating with a ready device without scanning or swiping the card. Chip in credit card When the card is inserted into the contact device, the chip communicates with the device through contact points. Uses cryptographic protocols for secure communication between the chip card and the device. Sends the data required to withdraw money from the account When the chip card makes contact, the process…
Read MoreHow Does The Chip Work In Debit-credit Card
