EMV Basics and Terminology

July 28, 2014, by admin

EMV Basics and TerminologyEuro MasterCard Visa (EMV) chip technology defines a global standard for credit card and debit card payments.

The EMV technology makes use of embedded microprocessor chips which hold cardholder data and keeps it secure.

In comparison to magnetic stripe technology, a cardholder’s data is more secure on a chip-enabled payment card.  This is because chip technology provides dynamic authentication, which makes the whole process more secure.

Read More…