12 August, 2011
category: Financial
Citi announced the launch of the Citi Corporate Chip and PIN card, a compliant smart card designed for U.S. corporate cardholders traveling abroad.
The cards, which include an embedded microprocessor, were developed in direct response to clients’ needs to use their U.S. commercial cards while traveling to regions where merchants are more familiar with chip cards and for use at unmanned kiosks where an agent is not always available to run the transaction through a point of sale device.
With more than one billion chip card users outside the U.S., chip cards are the dominant technology in many parts of the world. The new technology will be rolled out to U.S. clients in a phased approach beginning this month.