The Smart Card Alliance is a non-profit, multi industry advocate for utilization of smart card technology. Located 191 Clarksville Road Princeton Junction New Jersey 08550. The Smart Card Alliance forges connections to deliver research based education to provide consumers with safer transactions.
An example of this new chip technology is the EMV card, which stands for Europay, MasterCard, and Visa. These cards contain a chip designed to enhance security. Every time the new chip card is used for payment a unique code for that one transaction is generated. This prevents another from re-using the card by knowing a single code.
A chip card can be inserted in to a card reader or placed near a radio frequency identification device by the consumer. Advocates perceive entering a personal identification number (PIN) is safer than just signing for a purchase.
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