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How It Works

American Express makes these secure Internet payments available on the Internet via their Smart Chip Private Payments system. They provide a Smart Chip Reader that can read your card and identify you to the Private Payments system. Merchants can accept Private Payments in the same way that they accept regular American Express credit card payments. So in this way, it is transparent to the merchant. This is good news for consumers as well, because you can immediately start using the system and not have to wait for merchants to become part of the program.

The Smart Chip Readers are offered in three varieties: a serial reader, a Universal Serial Bus (USB) reader, and a keyboard reader. The serial and USB readers are stand-alone peripheral devices that read your Smart Chip. The keyboard reader functions as both a standard keyboard for your PC plus as a reader for your Smart Chip. American Express provides card members with one free stand-alone reader. Additional readers are $25 and the keyboard reader is $59.95.


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