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In the Netherlands we had an extra chip on our cards a while back called "chipknip" for offline payments. Didn't work because you had to charge it separately.
by tiku 1y ago
In the Netherlands we had an extra chip on our cards a while back called "chipknip" for offline payments. Didn't work because you had to charge it separately.
Chipknip (a portmanteau of chip card and knip, Dutch for purse) was a stored-value payment card system used in the Netherlands. Based on the Belgian Proton system, it was started by Interpay on 26 October 1995, as a pilot project in the city of Arnhem and a year later rolled out countrywide. Chipknip was taken over by Currence due to a restructuring on 17 May 2005, who managed it with their licensees until its discontinuation on 1 January 2015. The Chipknip was primarily used for small retail transactions, as the card could contain a maximum value of 500 euros. The money needed to be transferred from a card holders main bank account using a loading station which were generally located next to ATMs.
- kalleboo 1y agoSweden had a similar system in the late 90's-early 00's called the "cash card", also developed by Proton. It was a huge failure with basically zero uptake, there was no benefit over just using your debit card https://sv.wikipedia.org/wiki/Cash_%28betalsystem%29 https://sv.wikipedia.org/wiki/Cash_%28betalsystem%29
- Findecanor 1y agoAnd it was also before stores started not accepting cash.