A chip card, also known as an EMV card, is a type of credit or debit card that contains a microchip for enhanced security. The term “EMV” stands for Europay, MasterCard, and Visa, the companies that originally developed the standard. These chips are a more secure alternative to traditional magnetic stripe cards.
A chip card can also be referred to as a “smart card.” The term “smart card” is often used as a broader category that includes various types of cards with embedded microchips for different purposes, not just credit or debit cards.