chip and signature

A chip, often called an Integrated Circuit or microchip, is a tiny electronic component embedded in devices like credit cards, passports, or smartphones. It securely stores information and processes data. A signature, in this context, is a unique digital or coded mark generated when the chip authenticates itself or the cardholder. It acts as a secure proof of identity or authorization, ensuring the transaction or access is legitimate. Together, the chip and signature enhance security by confirming the user’s identity and preventing fraud during financial transactions or access to sensitive information.