EMV

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EMV

(Europay, MasterCard and Visa) The international standard for smart credit and debit cards that have a built-in microprocessor (chip cards). Governed by EMVCo LLC. (www.emv-usa.com), the EMV smart card provides greater safety than a magnetic stripe card because it uses more sophisticated security methods. EMV supports encryption as well as tokenization, which dynamically assigns a number to the transaction in order to hide the customer's card number (primary account number).

Authorization Methods
When making a purchase, Chip and PIN systems require card holders to enter their personal identification number (PIN) into the merchant's terminal. Chip and Signature requires a user's written signature. See smart card and gold chipped supercomputer.
References in periodicals archive ?
Nasdaq,TASE:LPMA) today announced EMVCo has awarded the Company EMV 2000 approvals for its NURIT Point-of-Sale terminals and PIN pads.
In December 2000, EMVCo published the EMV 2000 (Version 4.
The xe-series is equipped with a new generation of card readers, certified to EMV 2000 and offers both the latest security technology and the most extensive investment protection in card processing.
Compliant with ISO 7816, USB CCID, EMV 2000 and WHQL standards, these ICs offer faster smart card access enabling quick read and write operations.
TDK Semiconductor offers to help customers through the EMV 2000 Level 1 (EuroPay/MasterCard/Visa) smart card terminal type approval, and provides testing application software.
As part of its successful bid to supply smart cards for the next generation J/Smart, which is fully compliant with EMV 2000, Gemplus is to design a special microprocessor native DDA/CDA(2) card.
Nasdaq: SCMM; Prime Standard: SMY), a leading provider of solutions that open the Digital World, today announced it has received notification from EMVCo that its SPRx32, a network-ready device that combines a smart card interface with a PIN pad, has successfully passed all EMV 2000 level one tests.