EMV is a technical standard for smart payment cards, smart cards, smart chip cards and for payment terminals and automated teller machines that can accept them. EMV cards are smart cards (also called chip cards or IC cards) which store their data on integrated circuits rather than magnetic stripes, although many EMV cards also have […]
Tags: EMV
EMV, or EuroPay, MasterCard and Visa, is a microchip-based technology designed to reduce fraud at the point-of-sale. Banks are beginning to issue payment cards with these embedded chips, which also support contactless payments.
POS Equipment
POS, or point of sale, refers to the time and place where a merchant transaction is completed. In the merchant services industry we use the phrase POS to typically refer to a POS terminal or credit card terminal which interfaces with the payment card to make the electronic funds tranfer (EFT). There are various types […]
Smart Card
A smart card, chip card, or integrated circuit card (ICC) is any pocket-sized card with embedded integrated circuits. Smart cards can be either contact or contactless and can provide personal identification, authentication, data storage, and application processing. Smart cards may provide strong security authentication for single sign-on (SSO) within large organizations. In the merchant services, […]