What is EMV?

EMV stands for Europay, MasterCard, VISA after a joint effort between the three to ensure a secure and global way for MasterCard and Visa to be accepted worldwide. EMV cards has an embedded microchip in it. When used to pay at merchants with chip-enabled terminals and at ATMs, the system validates the chip helping to ensure a more secure transaction.

Categories: Checking, Visa
Tags: Chip, Chip Cards, Chip Reader, EMV, EMV Cards, Security