trashmaster said:
Yes in cell phones it is called SIMM but on bank and other cards the info is on the magnetic strip..I checked all of my cards and none has the yellow chip...
paul
Basic cards have only magnetic strip. Chip is considered extra safety when it is included on your cards. These are mainly on credit cards. Most of debit cards are with just magnetic strip.
As far as I know its called just chip. Cards issued with this feature are called chip and pin cards. They are not very common in USA but are coming in slowly. They are very common in Europe and are considered as more safe than other.
http://en.wikipedia.org/wiki/Chip_and_PIN