Technical characteristics of the electronic cash System

Participating cards

Cards participating in the electronic cash system have to comply with the technical requirements of the electronic cash agreement. Currently the electronic cash system is based upon a processing of the data of track 3 of the magnetic stripe or on the processing of a proprietary chip application.

Until end of 2010 the technical basis of the electronic cash system will migrate to international standards, i.e. an EMV-based chip-application and track 2-processing. It is planned that any electronic cash terminal will be able to process a transaction based on track 2 of the magnetic stripe from end of 2007 onwards. Until end of 2010 any electronic cash terminal will also be able to process transactions based upon an EMV-based electronic cash-application.