All you need to know about EMV

EMV, or Europay MasterCard Visa, 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. Consumer payment applications are held in a secure chip, integrated into the credit card. Unlike magnetic-stripe cards, every time an EMV-card is used for payment, the card chip creates a unique dynamic cryptogram transaction code for every transaction. That cannot be used again.

What is EMV?
EMV stands for EuroPay, MasterCard and Visa and is named after its original developers.  The objective of EMV is to ensure Global Unification of secure card...
Tue, 9 Jan, 2018 at 9:24 AM
Do I need to have a terminal that accepts EMV cards?
Yes, merchants will want to upgrade their terminal to an EMV capable terminal by October 2015. EMV cards are embedded with a micro-computer chip that stores...
Mon, 18 Dec, 2017 at 10:09 AM
What does the "EMV October 2015 deadline" mean to me as a merchant?
What is EMV? EMV stands for EuroPay, MasterCard and Visa and is named after its original developers.  The objective of EMV is to ensure Global Unification ...
Tue, 9 Jan, 2018 at 9:23 AM
Why are EMV cards more secure than traditional cards?
The magnetic stripes on traditional credit and debit cards store contain unchanging data. Whoever accesses that data gains the sensitive card and cardholder...
Fri, 9 Feb, 2018 at 11:30 AM
Is there a benefit to converting to EMV capable equipment?
Absolutely! Conversion to EMV will make transactions more secure and reduce the risk of fraudulent transactions. In addition, this will help prevent unnecess...
Mon, 18 Dec, 2017 at 10:07 AM
If fraud occurs after EMV cards are issued, who will be liable for the costs?
After an Oct. 1, 2015, deadline created by major U.S. credit card issuers MasterCard, Visa, Discover and American Express, the liability for card-present fr...
Tue, 9 Jan, 2018 at 9:27 AM
How does transaction liability change with EMV?
Liability for fraudulent transactions will move to the weakest link in the transaction. If a consumer uses a magnetic stripe in an EMV-capable terminal and t...
Mon, 18 Dec, 2017 at 10:11 AM