Chipknip was a stored-value payment card system used in the Netherlands.
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10 Facts About Chipknip
2.
The Chipknip was primarily used for small retail transactions, as the card could contain a maximum value of 500 euros.
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3.
Chipknip was a debit card that did require a pin code for payments.
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4.
Chipknip started as a pilot project by Interpay in the city of Arnhem on 26 October 1995.
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5.
Roos, the director of the Centraal Bureau Levensmiddelenhandel said in NRC Handelsblad that the Chipknip was already outdated at its introduction and should not be used.
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6.
Chipknip described the consumers as unwilling to make use of the system.
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7.
Chipknip is mostly used on places where it is the only usably payment method, such as parking meters, candy vending machines or company cantines.
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8.
The Chipknip was pushed through because it was easy and cheap for merchants, it did not start from a wish by the customer.
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9.
The costs to keep Chipknip operating would increase because it has it has to abide European harmonisation regarding the Single Euro Payments Area.
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10.
When Leiden University discontinued the Chipknip, they made coffee vending machine consumptions free until a replacement was deployed.
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