EMV Standards

EMV standards are technical rules used worldwide to improve the security of card-based transactions, such as with credit and debit cards. They specify how cards and payment terminals communicate to verify that a card is genuine and authorized for the transaction. EMV cards contain microchips that generate unique transaction codes, making it harder for fraudsters to steal or duplicate card information. This system reduces fraud risk and ensures safe, reliable payments in stores and online. Overall, EMV standards help protect consumers and merchants by making card payments more secure through advanced technology and standardized procedures.