EMV Explained: How a EMV Chip is Revolutionizing Financial Security
Many businesses and consumers are familiar with magstripe cards used at checkouts and by traditional POS systems all over the world. More secure than these, however, are today’s EMV chip cards. By accepting them, businesses can limit liability.Here, we will take a look at the meaning of EMV cards and fill you in on their many aspects. First, let’s detail an EMV meaning/definition.What Are EMV Chip Cards?Here’s the answer to, “What are EMV cards?” in a nutshell:When you hear the term “EMV check card”, it refers to technology created by the companies Europay, MasterCard, and Visa. EMV chip cards have advanced security to stop bad actions and illegal transactions. This includes cloning and skimming of credit cards.How Do You Know If You Have an EMV Chip Card?EMV chip cards are relatively easy to identify. On the front of the card, in the center left position, you will see a square, … Continued