EMV

Share
on Aug5

Short description of EMV

Intended to reduce point-of-sale fraud in Europe, EMV stands for EuroPay MasterCard Visa and involves microchip technology that supplements or takes the place of the magnetic strip on credit and debit cards. Some banks are issuing payment cards with embedded chips. This technology also allows for contactless payment in addition to fraud protection.

Share

Tags



Previous postEFT (Electronic Funds Transfer) Next postE-pay (Electronic Bill Payment)



Copyright© 2022, United Thinkers LLC