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5 things to know about EMV (chip and pin)

from Payment Consulting Group

EMV, which stands for Europay, Mastercard and Visa, is simply a more secure method of performing card-present transactions. The "chip" that will be included in all new cards soon actually becomes a physical "part" of the terminal during the transaction. The most popular method of fraud currently is to steal credit card numbers and then "re-program" the magnetic strip on a credit card. Obviously, it will be impossible to do so with the new cards. more

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