EMV

EMV, which stands for Europay, MasterCard, and Visa, is a global standard for inter-operation of integrated circuit cards (IC cards or "chip cards") and IC card capable point of sale (POS) terminals and automated teller machines (ATMs), for authenticating credit and debit card transactions.

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...
Wed, 20 May, 2015 at 9:54 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...
Wed, 20 May, 2015 at 9:51 AM
We know EMV will reduce fraud risk for merchants, but what will it mean for your day to day business?
Chip based transactions are expected to streamline the checkout process and provide potentially faster checkouts. Also, contactless payments (waving the car...
Wed, 20 May, 2015 at 9:52 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...
Wed, 20 May, 2015 at 9:58 AM
If fraud occurs after EMV cards are issued, who will be liable for the costs?
Today, if an in-store transaction is conducted using a counterfeit, stolen or otherwise compromised card, consumer losses from that transaction fall back on...
Wed, 20 May, 2015 at 10:08 AM