By Alptekin Topal.
EMV is a payment card technology that uses a chip to authenticate transactions, making it more secure than traditional magnetic stripe cards. It is a payment card standard developed by Europay, Mastercard, and Visa. The EMV technology provides increased security and reduced fraud, which benefits both merchants and consumers. Merchants who accept EMV payments are better protected against fraud and chargebacks, while consumers benefit from the added security of using a chip-enabled card.
It is important to be EMV compliant, as failure to do so can result in increased liability for merchants. Being EMV compliant means using a card reader that is able to process chip cards, and merchants who don’t comply with the standard may face higher costs, as well as increased risks of fraud and liability.
In summary, EMV is a payment card technology that is designed to be more secure and to reduce fraud. By using a chip to authenticate transactions, EMV provides added security for both merchants and consumers. It is important for merchants to be EMV compliant to avoid increased liability and to benefit from the increased security of this payment technology.
- “What is EMV?” (https://medium.com/@topal.alptekin/what-is-emv-f0d4c3aed674)
This article provides an overview of EMV, a payment card standard developed by Europay, Mastercard, and Visa. The article explains that EMV cards use a chip to authenticate transactions, which is more secure than traditional magnetic stripe cards. The article also discusses the benefits of EMV, including increased security and reduced fraud, as well as the importance of being EMV compliant.
- EMV in a Nutshell: Agreements (https://medium.com/@topal.alptekin/emv-in-a-nutshell-agreements-9d71b4a04f2b)
This article discusses the importance of EMV for both merchants and consumers. EMV is a payment card technology that uses a chip to authenticate transactions, making it more secure than traditional magnetic stripe cards. The article emphasizes that merchants who accept EMV payments are better protected against fraud and chargebacks, while consumers benefit from the added security of using a chip-enabled card. Additionally, the article stresses the importance of being EMV compliant, as failure to do so can result in increased liability for merchants.
- EMV in a Nutshell: Authentication (in progress)
This article will highlight and discuss the authentication process of EMV.
