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EMV (Europay, Mastercard and Visa)

EMV stands for Europay, MasterCard, and Visa, which are the companies that developed a global standard for credit and debit cards. EMV technology uses embedded microchips in cards to enhance security during transactions. When you make a purchase, the chip generates a unique code for each transaction, making it difficult for fraudsters to replicate your card. This system is widely used in stores and ATMs, increasing protection against counterfeiting and identity theft compared to traditional magnetic stripe cards. EMV also supports features like contactless payments, providing a more convenient and secure way to pay.

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    EMV (Europay, Mastercard, and Visa) is a global standard for credit and debit card payments. It enhances security by using a microchip embedded in cards, which generates a unique code for each transaction. This makes it much harder for fraudsters to clone cards. EMV technology is widely used in point-of-sale terminals, ensuring that when you use your card, your transaction is securely processed. Additionally, EMV cards can be used for contactless payments, allowing transactions with just a tap, further improving convenience alongside security.