What is EMV? Chip cards are based on a global card payment standard called EMV, currently used in more than 80 countries. There are more than 3.4 billion chip cards issued across the globe Why are chip card transactions more secure? Chip card transactions offer you advanced security in-store and at the ATM by making […]
Tag: EMV
EMV Migration
EMV Migration Forum Changes Name to US Payments Forum, Expands Focus to Additional Emerging Payments Technologies Princeton Junction, N.J., July 20, 2016 – The EMV Migration Forum has been instrumental in the progress of the U.S. migration to EMV chip technology by providing a forum for essential cooperation and coordination across the whole payments ecosystem, including retailers, card […]
EMV 101
What is EMV? EMV is a fraud-reducing technology that can help protect issuers, merchants and consumers against losses from the use of counterfeit and lost or stolen payment cards at the point-of-sale. Data Security EMV cards are embedded with a microprocessor or smart chip that interacts with the merchant’s point-of-sale device to make sure that […]
Quick Chip for EMV
Quick Chip for EMV, A Specification Enhancement from Visa Time spent paying with a chip card just got a whole lot faster. Quick Chip for EMV, a specification enhancement from Visa, enables customers to dip and remove their EMV chip card at checkout in about two seconds or less. They can even do so before […]
EMV Standard
What is the EMV standard? EMV is a standard for globally interoperable, secure payments. The key element of EMV involves including dynamic digital data in every transaction. This makes these types of transactions extremely secure and reduces the risk of fraud.When a consumer uses an EMV-enabled device to pay at an EMV terminal, it can […]
Where Are We with Payment Security?
The EMV Standard and Payment Security In the UK, the migration to EMV technology has reduced fraud with payment security in face-to-face transactions since EMV adoption in 2003. The EMV standard operates with EMV-compliant cards (which have embedded chips instead of magnetic stripes) and EMV-compliant POS terminals. The chips require a PIN entry for a […]