EMV has already been adopted in many countries, and the United States transitioned to EMV chip cards in October 2015. The chip in EMV enabled cards generates a unique one-time code that cannot be replicated by counterfeit cards. EMV refers to smart or chip cards that contain an embedded chip or microprocessor, which provides stronger security features and other capabilities that are not possible with traditional magnetic stripe cards.ĮMV provides merchants with increased fraud protection from counterfeit, lost or stolen cards, because the embedded chip is more secure than the traditional magnetic stripe technology. What is EMV?ĮMV is the global standard for smart card payments and acceptance devices and was named after the original developers, Europay, MasterCard and Visa. Learn the basics and understand the importance of shifting to EMV in this article.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |