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How does a chip-enabled card work for internet and telephone transactions?

Cards Financial Transactions Financial Management Finance Finance Management Banking &amp Finance
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Question added by Siham Amer , Financial Analyst , Noor Al Hikmah Group
Date Posted: 2018/11/29
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Ashraf E. Mahmoud (PhD)
by Ashraf E. Mahmoud (PhD) , University Lecturer, Freelancer Consultant and Trainer for Int'l Business & Banking TF. , FreeLancer

Thanks for invitation,

Following our colleagues specialized answers. but as far as I can understand, these chip mainly for verifying the access of any user to the service instead of the traditional method of verification.

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