View source for EMV card

''Payments and payment systems - chip card protocols.''

An EMV card is a chip card that complies with the EMV protocol.

The protocol is designed to enable secure contact and contactless transactions and other emerging payment technologies. 


Under the protocol, EMV® Chip Specifications describe the requirements for global interoperability between chip-based payment applications and acceptance terminals.

The EMV® payment device must communicate with a chip reader in the acceptance terminal - either contact or contactless - to enable the transaction. 


This protocol is defined and tested by EMVCo.
 

== See also ==
* [[Chip card]]
* [[Electronic purse]]
* [[EMVCo]]
* [[IC]]
* [[Integrated circuit card]]
* [[Payments and payment systems]]
* [[Prepaid card]]
* [[Smart cards]]

[[Category:The_business_context]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]