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Posts Tagged ‘EMV Transaction’

EMV Unattended Payments

February 2, 2010 at 11:03 am

Although much of the publicity surrounding EMV “Chip and PIN” migration has related to its use in retail outlets, another market sector that has benefitted from EMV migration is Unattended Payment Terminals (UPT). Unattended payments, where a customer uses an unsupervised terminal to pay for goods or services such as parking and vending machines or […]

EMV Cardholder Verification Methods

January 6, 2010 at 10:58 am

Although EMV is often referred to as “Chip and PIN”, in fact EMV supports several different methods of verifying the identity of the cardholder, known as Cardholder Verification Methods (CVM). Every card contains a list of the CVM that it supports, and when they need to be applied (e.g. Use online PIN if the transaction […]

EMV Online Security

December 9, 2009 at 2:00 pm

If you are familiar with magnetic stripe card processing, you may not be aware that the online processing of an EMV “Chip and PIN” card allows the authenticity of a payment card to be verified, in addition to checking whether there are sufficient funds available for the payment. An EMV card generates a unique “Authorisation […]

EMV Approval Expiry

December 3, 2009 at 3:51 pm

This year, for the first time, EMVCo have implemented a policy of revoking all EMV Level 2 letters of approval that are more than 3 years old. Although EMVCo offer the option to renew an existing EMV Kernel approval by submitting it for retesting, the fact that they regularly issue specification update bulletins effectively means […]