Chip card

A chip card, often known as an EMV card, is a type of payment card embedded with a small computer chip. This chip enhances security by generating a unique code for each transaction, making it harder for fraudsters to steal card information. Chip cards can be used by inserting them into card readers or tapping them on contactless terminals for quick payments. They are widely used around the world and have largely replaced magnetic stripe cards to reduce the risk of unauthorized transactions and identity theft. Overall, chip cards offer a safer and more secure way to conduct electronic payments.