Citi has launched Citi Corporate Chip and PIN card, a compliant smart card designed for US corporate cardholders traveling abroad.
The cards, which were developed to meet clients’ needs, include an embedded microprocessor.
According to Citi, the new smart card allows clients to use their US commercial cards while traveling 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 device.
Citi said the key benefits of the new card solution include enhanced security, improved convenience.
Citi head of North America global transaction services Julie Monaco said many of their clients are leading multinational organizations with cardholders that travel extensively. They require a payment product that can meet their needs wherever their business takes them and Citi is at the forefront of bringing this product innovation to their commercial card clients.