EMV chip
Payment card brain
An EMV chip is the small metallic square embedded in payment cards that stores encrypted data and generates unique transaction codes.
Named for Europay, Mastercard, and Visa, the technology replaced magnetic stripes to reduce fraud—each transaction creates a one-time code that can't be reused if intercepted.
Insert your card chip-first rather than swiping.
- smartcardEmbedded-chip plastic credential
- contactlessRequiring no physical touch
- PINAuthentication number sequence
- terminalAt the endpoint
- card readerDevice reading encoded strips
point of sale · transaction · swipe · insert · payment · secure payment · credit · debit · magnetic · stripe · secure · bank · checkout · reader · authenticate · tap · fraud · credit card fraud
- security termsPIN, password, passwords, encryption, encrypted
- payment securityfraud detection, fraud prevention, anti-fraud, fraud protection, secure payment
- paymentspayment, monthly payment, cash payment, payment date, credit cards
- fintechfintech, mobile banking, digital wallet, mobile payment, digital wallets
- Digital Paymentsonline payment, e-payment, mobile payment, contactless payment, digital wallet
- payment termspayment due date, past due, late payments, payment deadline, late fee
payment card technology
EMV chipmagnetic stripe
Encoded data band
magstripe · swipe card · magnetic strip · cash · check