I think this is not true in most of the cases. The (security) technology behind the debit/credit cards using the SmartCard chip (IC) is pretty ubiquitous. It is the same as the security technology guarding the SIM cards in your phone and even your eSIM. Basically the protocols and the interface specifications are the same. In the end, they are just smart cards. Imagine this technology not being strong enough, because I remember the days when the security of the pre-paid public phone cards was quite rabish and any kid with some skills and knowledge could forge a card with unlimited credit.
It very happens that the father of the smart card technology to be a french guy [1] and the current biggest provider of this technology is the french aero-space/defense/security company Thales Group[2] followed by another frech company called IDEMIA.
There is a very nice biography of the technology [3].
It very happens that the father of the smart card technology to be a french guy [1] and the current biggest provider of this technology is the french aero-space/defense/security company Thales Group[2] followed by another frech company called IDEMIA.
There is a very nice biography of the technology [3].
[1] https://artsandculture.google.com/story/roland-moreno-s-ubiq...
[2] https://www.thalesgroup.com/en/markets/digital-identity-and-...
[3] https://computer.rip/2023-09-03-plastic-money.html