https://wikimd.com/index.php?action=history&feed=atom&title=EMVEMV - Revision history2026-04-24T12:59:31ZRevision history for this page on the wikiMediaWiki 1.44.2https://wikimd.com/index.php?title=EMV&diff=5798503&oldid=prevPrab: CSV import2024-05-19T19:25:18Z<p>CSV import</p>
<p><b>New page</b></p><div>[[file:JGC_VISA01s.jpg|thumb|left]] [[file:Kontaktfeld.Kreditkarte.EMV-Standard.jpg|thumb|left]] [[file:ChipAndPin.svg|thumb|right]] {{Short description|Technical standard for smart payment cards}}<br />
{{Infobox standard<br />
| title = EMV<br />
| long_name = Europay, MasterCard, and Visa<br />
| image = <br />
| imagecaption = <br />
| acronym = EMV<br />
| organization = [[EMVCo]]<br />
| domain = [[Payment systems]]<br />
| license = <br />
| website = <br />
}}<br />
<br />
'''EMV''' (Europay, MasterCard, and Visa) is a global standard for [[smart payment cards]] and for payment terminals and [[automated teller machines]] (ATMs) that can accept them. The standard is managed by [[EMVCo]], a consortium comprising major credit card companies including [[Visa Inc.|Visa]], [[Mastercard]], [[American Express]], [[Discover Financial]], [[JCB Co., Ltd.|JCB]], and [[China UnionPay]].<br />
<br />
== History ==<br />
The EMV standard was initially developed in the 1990s by [[Europay International]], [[Mastercard]], and [[Visa Inc.|Visa]] to address the growing problem of [[credit card fraud]]. The first version of the standard was released in 1994. Over time, the standard has evolved to include various enhancements and security features.<br />
<br />
== Technology ==<br />
EMV cards are equipped with [[integrated circuits]] (ICs) that store and process data securely. These cards can be either [[contact cards]], which require physical insertion into a reader, or [[contactless cards]], which use [[radio-frequency identification]] (RFID) technology to communicate with the reader.<br />
<br />
=== Authentication Methods ===<br />
EMV cards support multiple authentication methods, including:<br />
* [[Chip and PIN]]: The cardholder must enter a [[personal identification number]] (PIN) to authorize the transaction.<br />
* [[Chip and Signature]]: The cardholder must sign a receipt to authorize the transaction.<br />
* [[Contactless payment]]: The cardholder can simply tap the card on a reader to authorize the transaction.<br />
<br />
=== Security Features ===<br />
EMV technology provides several security features to protect against fraud, including:<br />
* [[Dynamic Data Authentication]] (DDA): Ensures that the card is genuine and not a clone.<br />
* [[Cardholder Verification Method]] (CVM): Confirms the identity of the cardholder.<br />
* [[Cryptographic algorithms]]: Used to secure the data transmitted during a transaction.<br />
<br />
== Adoption ==<br />
The adoption of EMV technology varies by region. In [[Europe]], EMV has been widely adopted, significantly reducing card-present fraud. In the [[United States]], the transition to EMV began later, with a significant push starting in 2015. Other regions, such as [[Asia]] and [[Latin America]], have also been adopting EMV technology at varying rates.<br />
<br />
== Benefits ==<br />
The primary benefits of EMV technology include:<br />
* Enhanced security: Reduced risk of [[card-present fraud]] due to advanced authentication and encryption.<br />
* Global interoperability: EMV cards can be used worldwide, providing a consistent payment experience.<br />
* Support for multiple applications: EMV cards can store multiple applications, such as [[loyalty programs]] and [[transit passes]].<br />
<br />
== Challenges ==<br />
Despite its benefits, the adoption of EMV technology has faced several challenges, including:<br />
* Cost: Upgrading payment terminals and issuing new cards can be expensive for [[merchants]] and [[financial institutions]].<br />
* Complexity: Implementing and managing EMV systems can be complex, requiring significant technical expertise.<br />
* Consumer education: Cardholders need to be educated on how to use EMV cards, especially in regions transitioning from [[magnetic stripe]] technology.<br />
<br />
== Future Developments ==<br />
EMV technology continues to evolve, with ongoing developments aimed at enhancing security and improving the user experience. Future trends include the integration of [[biometric authentication]] methods and the expansion of contactless payment options.<br />
<br />
== See also ==<br />
* [[Credit card]]<br />
* [[Debit card]]<br />
* [[Payment terminal]]<br />
* [[Automated teller machine]]<br />
* [[Contactless payment]]<br />
* [[Magnetic stripe card]]<br />
<br />
== References ==<br />
{{Reflist}}<br />
<br />
== External links ==<br />
{{Commons category|EMV}}<br />
<br />
[[Category:Payment systems]]<br />
[[Category:Smart cards]]<br />
[[Category:Banking technology]]<br />
[[Category:Financial services]]<br />
[[Category:Standards]]<br />
[[Category:1994 introductions]]<br />
{{technology-stub}}</div>Prab