The EMV reader creates a unique transaction code, ensuring the payment is processed correctly only once and the payer’s card details stay private. This dramatically reduced the possibility of card data being read, intercepted, and copied by someone or something that shouldn’t have access.Ĭontactless EMV technology uses radio-frequency identification (RFID) technology, which communicates with the card reader and securely authenticates it.
The customer can pay with just a tap if their card is contactless, insert their card and use their PIN, or make card-not-present payments by using their smartphone.Ĭustomers’ payment data is more secure with EMV because dynamic authentication frequently encrypts the data. These are the standard payment cards issued by banks and credit card companies which we’re already familiar with.
EMV chip readers can read the data stored on the chip in an EMV payment card.
The key to EMV’s success is the microchip.
0 kommentar(er)
