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EFTPOS was introduced through petrol stations in a pilot program in 1985

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17y ago

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What is the best feature of standard chartered credit and debit card?

The best feature of standard chartered credit and debit card is the EMV chip


Can you use a debit card to apply for argos credit?

yes chip and pin


The use of a magnetic stripe reader?

The data stored on a credit or debit card is stored not only in the metallic chip - but also on a magnetic strip on the rear of the card. Magnetic card readers read the data from the strip on the card, instead of the embedded chip.


Are casino chip purchases considered a cash advance or a purchase on credit cards?

You cannot purchase chips at a casino with a credit or debit card. You have to use an ATM to get the money and then purchase the chips.


How can I locate my lost debit card with a chip?

To locate your lost debit card with a chip, you can contact your bank immediately to report it missing and request a replacement card. You can also check your recent transactions online or through your bank's mobile app to see if there have been any unauthorized charges. Additionally, you can retrace your steps and check places where you may have used or last seen your card.


What are credit debit or other types of cards that have embedded microchips called?

They are known as smart cards, any card that carries a chip can have this title


What is the difference between adebit card and a smart card?

Debit cards are an application of smart card.Debit cards are either smart card or magnetic strip card.A smart card is a card which have an IC chip to process the data/ Smart card have the capability to process the data.


What is the purpose of Chip and PIN?

The purpose of Chip and PIN is to help credit or debit card transactions to be handled smoothly. Under this technology, the card is "swiped" through a magnetic reader, reading the magnetic strip on the card, or the clerk makes an imprint from the raised text of the card. After either process is completed, the clerk verifies the customer's signature with the signature on the back of the card.


What is the difference between a smart card and debit card?

A debit card is a credit card that is connected to a specific account where money can be deposited. A smart card has intrinsic value, and can be used as cash where accepted. When value is added to the smart card, the record is on the card itself.Above answer is financiallyTechnicallyDebit cards are an application of smart card.Debit cards are either smart card or magnetic strip card.A smart card is a card which have an IC chip to process the data/ Smart card have the capability to process the data.


What is the difference between a debit card and smart card?

A debit card is a credit card that is connected to a specific account where money can be deposited. A smart card has intrinsic value, and can be used as cash where accepted. When value is added to the smart card, the record is on the card itself.Above answer is financiallyTechnicallyDebit cards are an application of smart card.Debit cards are either smart card or magnetic strip card.A smart card is a card which have an IC chip to process the data/ Smart card have the capability to process the data.


How is science used in the credit card?

Not so much science - as technology. Technology developed the 'chip and pin' system - making credit & debit cards more secure.


What does it mean for a debit card to go live?

It simply means - the very first time the card is used, it is recognised by the system. When the card goes 'live' on first use - the system places data onto the card either on the magnetic strip or the 'smart' chip. This tells any ATM that the card is legitimate.