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A proximity card or prox card [1] also known as a key card or keycard is a contactless smart card which can be read without inserting it into a reader device, as required by earlier magnetic stripe cards such as credit cards and contact type smart cards. [2] The proximity cards are part of the contactless card technologies.
EMV contactless symbol used on compatible payment terminals. EMV stands for "Europay, Mastercard, and Visa", the three companies that created the standard.Contactless payment systems are credit cards and debit cards, key fobs, smart cards, or other devices, including smartphones and other mobile devices, that use radio-frequency identification (RFID) or near-field communication (NFC) for ...
Proximity card (or prox card) is a generic name for contactless integrated circuit devices used for security access or payment systems. It can refer to the older 125 kHz devices or the newer 13.56 MHz contactless RFID cards, most commonly known as contactless smartcards. Modern proximity cards are covered by the ISO/IEC 14443 (proximity card
A contactless smart card is a card in which the chip communicates with the card reader through an induction technology similar to that of an RFID (at data rates of 106 to 848 kbit/s). These cards require only close proximity to an antenna to complete a transaction.
Suretap users can load up gift cards and prepaid MasterCards from national retailers. [98] Sri Lanka's first workforce smart card uses NFC. As of December 13, 2013 Tim Hortons TimmyME BlackBerry 10 Application allowed users to link their prepaid Tim Card to the app, allowing payment by tapping the NFC-enabled device to a standard contactless ...
Some smart cards have metal contacts to electrically connect the card to the reader; there are also contactless cards that use a magnetic field or radio frequency for proximity reading. Hybrid smart cards include a magnetic stripe in addition to the chip—this combination is most commonly found in payment cards, to make them usable at payment ...
However, the value of those credit card payments ($5.42 trillion) was more than one-third higher (36 percent) than the debit card payments ($3.99 trillion), implying that people spend more on ...
Smart cards serve as credit or ATM cards, fuel cards, mobile phone SIMs, authorization cards for pay television, household utility pre-payment cards, high-security identification and access badges, and public transport and public phone payment cards. Smart cards may also be used as electronic wallets. The smart card chip can be "loaded" with ...