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: Visa
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 