| 摘要 |
A Universal Discount Chip (UDC) is a coding devise placed upon a credit card or a debit card offered by an issuing bank and enabling the card holder to obtain discounts from any and all participating manufacturers, retailers or (hereinafter referred to as "Merchants") by presenting and scanning the card with the UDC at the point of sale. The issuing bank would collect the necessary data including the name and address of the Merchant, the terms and conditions of the discount. After collecting the data, the issuing bank would apply the discount and reduce the overall amount of the sales transaction. The UDC could be placed on all types of debit or credit cards, including retail store credit cards. The issuing bank would be paid a commission by the Merchant for processing the discount transaction.
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