EMV Chip cards – is it really a new technology???

Future of Credit cards

Proponents say, indeed, it’s time for the U.S. to adopt the EMV standard. EMV, short for the Europay, MasterCard, Visa standard, is the chip and PIN-based standard used to store card data as mandated by EMVCo. EMV has been adopted in virtually every part of the world — including Canada and Mexico — for the storing of payment-card data.

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