Chip Technology

Chip-based payment platforms as an integrated and convenient experience

Moneris has set the stage for chip-based payment platforms as an integrated and convenient experience for consumers and merchants. We are among the first acquirers in Canada to be certified by Interac Association, Mastercard and VISA, to deliver chip technology to Canadians.

Chip-enabled credit and debit cards are being issued across Canada and will see a gradual increase in distribution over the next three years. VISA and MasterCard have committed to a mass distribution of chip cards in the market by 2010. Interac has also established migration mandates with Automated Banking Machine (ABM) and point-of-sale (POS) conversion starting in 2010.

A chip card (also referred to as a “smart card”), is a credit or debit card that contains an embedded computer chip. A chip card is the next generation of credit and debit cards. Just like your current debit card, chip cards will require the cardholder to enter a Personal Identification Number (PIN).

If you require more information on Chip & Pin Cards read our "Introducing Chip & Pin Cards to You Point-of-Sale"  

Chip - FAQ

What is a Chip Card?

A chip card (also referred to as a “smart card”), is a credit or debit card that contains an embedded computer chip. A chip card is the next generation of credit and debit cards. Just like your current debit card, chip cards will require the cardholder to enter a Personal Identification Number (PIN).

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