EMV Card

The Security Benefits of EMV Compliant Cards

 In 1994, Europay, MasterCard and Visa (EMV) began development of a new type of credit card to deliver higher security for both the merchant and the consumer. The companies recognized the benefits of utilizing chip technology on payment cards instead of the standard magnetic strip. Chip cards resist counterfeiting almost completely. However, they also recognized the need for international standards to facilitate global acceptance of the new security measures. Thus, the EMV standards have been developed for integrated circuit cards (IC [...]