Chip-And-PIN Cards Employ a Computer Chip That Communicates with a Card

question 29

True/False

Chip-and-PIN cards employ a computer chip that communicates with a card reader using infrared frequencies so that the cards do not need to be swiped at a terminal.

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Definitions:

Common Stock

Equity ownership in a company, giving holders voting rights and a share in the company's profits through dividends.

Ontario Ltd.

A term used to designate a limited company in the province of Ontario, Canada, often seen in business names.

Joint Venture

Involves the joining together of parts of companies to accomplish specific, limited objectives. Joint ventures are controlled by the combined management of the two (or more) parent companies.

Independent Companies

Firms that operate independently without being owned or controlled by another entity or conglomerate.