10/5/2023 0 Comments Emv card processingIn this payment security article, we’ll look at how chip cards work to protect businesses by reducing the risk of certain types of payment fraud. Chip-and-PIN technology is a secure method to store and exchange sensitive credit card and debit card account data between merchants and their customers. Financial institutions, card brand networks, merchants, payment processors and others continuously work to develop new technologies and best practices to create safer electronic payments to protect businesses and their customers.Ĭhip card technology-also known as chip-and-PIN or EMV-is a shining example of how these collaborative efforts can succeed. The future of electronic payments is changing.
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