EMV Level 2 testing and certifications company? Wondering what all the fuss is about with EMV-certified terminals? Since the liability shift both providers and businesses have scrambled to obtain compliant equipment. Designed to decrease fraud, the EMV terminal reads the unique, one-time code generated when a chip card is inserted. This is a distinct process that requires a separate slot for inserting a chip card compared to the component used for swiping magstripe cards.
EMV cards are either inserted into the terminal slot, known as “card dipping,” or they can be contactless using near field communication (NFC) to transfer data by merely tapping the card on the terminal. Cards may also support both methods. See NFC.
To understand more about some of the terminology used in EMV we’ve compiled a useful Glossary of Terms. Card scheme defines their own requirements for contactless cards that comply with that scheme’s specifications, please take a look at our more detailed World of Contactless.
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