EMV was implemented to provide a worldwide standard for the interaction between integrated microprocessor (chip-based) “smart cards”, approved payment devices and ATMs. The standard includes credit, debit and contactless payment transactions. A wide range of applications can be supported by these chip-based cards, but performing payment transactions that store encryption data for authentication is the … Continue reading Why EMV Implementation is Important
Tag: MasterCard
Avoiding Hidden Travel Fees
Whether it’s $25 to check you bag on an airplane or $200 for changing your flight reservation, travel fees have a way of sneaking up on you when you are traveling for business. This isn’t only costly, it becomes very annoying when you are trying to keep your business travel thrifty. You would think it … Continue reading Avoiding Hidden Travel Fees
U.S. Transition to EMV
For decades, the U.S. payments industry has relied on magnetic stripe-based card technology. Most other countries have or are in the process of transitioning to the EMV chip card standard. EMV ensures the authenticity of a credit card by using encrypted data which is stored on the card. However, the encrypted data does not include … Continue reading U.S. Transition to EMV
Michael D. Turashoff 