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Additional
EMV
English Wikipedia - The Free Encyclopedia
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EMV
EMV
is a
technical standard
for
smart
payment 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 stripes for
backward compatibility
. They can be contact cards that must be physically inserted (or "dipped") into a reader, or
contactless cards
that can be read over a short distance using
radio-frequency identification (RFID)
technology. Payment cards that comply with the EMV standard are often called
chip-and-PIN
or
chip-and-signature cards
, depending on the exact authentication methods required to use them.
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