Businesses of all sizes need to think about the potential long-term effects of not installing the more secure EMV
has long been lauded as the answer to fraudulent credit cards at the point of sale, and experts say fraud has indeed declined there in countries that have already migrated to EMV
Here are some tips when making the switch to EMV
cards are embedded with an encrypted computer chip that creates a unique code that changes with each transaction and cannot be used again.
In addition to risk mitigation, issuers who perform their own EMV
data preparation benefit from competitive pricing when they select a service bureau.
Other Countries' (and Regions') Experience with EMV
road map to enable the next generation of electronic payments, with EMV
as the foundational technology.
Mr Jim Lee, current Chair of the EMVCo Executive Committee, comments: "Breaking down the one billion deployment figure by region enables us to clearly see the significant growth of EMV
card and terminal adoption and the continued acceptance of EMV
as the global payment standard worldwide.
GALITT's market leading EMV
testing software and transactional systems are the most exhaustive and flexible on the market, with easy-to-use and sophisticated automation capabilities.
In Bahrain, we have started rolling out the EMV
chip cards for debit as well as our credit card customers and we look forward to gradually migrating the entire debit and credit card portfolio to EMV
chip over the next three months.
chip technology is a key platform for the global payment industry, and this is a significant milestone for Standard Chartered in our overall migration from magnetic stripe cards to EMV
Interoperability testing is performed at this new testing environment with EMV
compliant terminals, and significantly contributes to smoother deployment and future implementations of J/Smart cards.