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.

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EMV Benefits: It’s Not Just Security Benefits; it’s Much More than That!

June 23, 2014, by admin

Security BenefitsEMV credit cards use an electronic chip that is built inside them. EMV provides superior security features for credit card processing and credit card merchant services. EMV uses advanced cryptography and digitally-signed payment data which makes the transactions secure.

Advantages of EMV go beyond Better Security Aspects

While EMV is mostly known for the advanced security features it provides, the benefits to the business community, specifically merchant account providers, and consumers, go beyond that. Businesses such as ATMs and fuel stations, , point-of-sale (POS) developers can significantly benefit from the EMV technology.
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