Citi Commercial Cards to Issue Chip and Pin Card Solution in US
Citi has issued a corporate Chip and PIN card designed for US corporate cardholders travelling abroad. The compliant smart cards, which include an embedded microprocessor, were developed in direct response to clients’ needs to use their US commercial cards while travelling to regions where merchants are more familiar with chip cards and for use at un-manned kiosks where an agent is not always available to run the transaction through a point-of-sale (POS) device.
There are now over one billion chip card users (both consumer and commercial) outside the US, with chip cards the dominant technology in many parts of the world. The new technology will be rolled out to US clients in a phased approach beginning this month.