EMV Chips and What They Mean for Your Business
Named for the three companies that created it - Europay, Mastercard, and Visa – EMV is fraud-reducing technology consisting of a tiny chip embedded in cards that is virtually impossible to counterfeit. Already used in 2 billion cards around the world, especially in Europe and Canada, this chip creates a unique, encrypted electronic signature with each use, proven to protect the issuer, merchant and consumer from cyber-criminals. And starting October 1, 2015, all major card companies will be implementing EMV in the US.
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