: Unlike magnetic stripes, the chip generates a unique transaction code (cryptogram) for every purchase, making it nearly impossible to replicate stolen data for future fraud.
: A design feature used in shared chip manufacturing (like Tiny Tape Out ) that prevents a fault in one section of the chip from affecting others. 2. Financial Security Features (EMV) : Unlike magnetic stripes, the chip generates a
: States can design their program as a Medicaid expansion, a separate program, or a combination. Financial Security Features (EMV) : States can design
: Many modern chips include NFC (Near-Field Communication) features, allowing for "tap-to-pay" transactions. 3. Healthcare Program Features (CHIP) Healthcare Program Features (CHIP) : The chip can
: The chip can require a 4-digit PIN for authentication (similar to a debit card) or a signature, providing varying layers of identity protection.
: Every CHIP program must feature coverage for well-baby/child visits, dental care , behavioral health, and vaccines.