Plastic card containing a chip (chip: thin semiconductor wafer, usually consisting of a silicon crystal wafer, on which an integrated circuit or a system of integrated circuits with microelectronic components and switching elements is located) and thus – programmable for e-money transactions and also for operating access control systems or as an insurance card. – It is important as a substitute for cash, as the chip card can be – reloaded and – used by card readers for payment. A difficulty burdening the circulation of chip cards remains the infiltration of counterfeit and falsified pieces. – See rejection, card validation code, computer payment, counterfeit card, EMV guideline, European Forum for the Security of Retail Payments, counterfeit protection, money, electronic, ATM lock, wallet, electronic, cash card, cash passage, interoptability, card use file, credit card, network money business, pay green initiative, pay per touch, radio frequency identification, framework for European card business, skimming, smart card, ticketing, electronic, payment card. – Cf. Deutsche Bundesbank Monthly Report of December 2006, p. 93 ff. (current status of chip cards; future development; important overviews).
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
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