Payment method based on a technical standard for smart payment cards and for payment terminals and automated teller machines which can accept them.- EMV
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Numeric (sometimes alpha-numeric) passcode used in the process of authenticating a user accessing a system.
The PIN is not printed or embedded on the card but is manually entered by the cardholder during automated teller machine (ATM) and point of sale (POS) transactions (such as those that comply with EMV), and in card not present transactions, such as over the Internet or for phone banking.
[[File:Creditcardwcontactless.png|thumb|250px|An example of the front in a typical credit card:1. Issuing bank logo
Most modern credit cards use smart card technology: they have a computer chip embedded in them as a security feature.
Type of card capable of storing data by modifying the magnetism of tiny iron-based magnetic particles on a band of magnetic material on the card.
2: International interchange, use IC (chip) where feasible
Device which interfaces with payment cards to make electronic funds transfers.
There have also been incidence of skimming at card terminals and this led to the move away from using the magnetic strip to capture information using EMV standards.
Contactless credential whose dimensions are credit-card size.
In general there are two classes of contactless bank cards: magnetic stripe data (MSD) and contactless EMV.
Time and place where a retail transaction is completed.
Regarding the payments, mobile POS can accept all kinds of payment methods from contactless cards, EMV chip-enabled cards, and mobile NFC enabled cards.
The EMV payment system, now a de facto standard for debit and credit cards, was named from Europay, MasterCard, and Visa, the three companies that proposed its usage.
International standard that defines proximity cards used for identification, and the transmission protocols for communicating with it.
EMV payment cards (PayPass, Visa payWave, ExpressPay)
Set of communication protocols that enables communication between two electronic devices over a distance of 4 cm (11⁄2 in) or less.
EMVCo for the impacts on the EMV payment applications
Payment card that can be used in place of cash to make purchases.
This imbalance dates from the unilateral introduction in France of Chip and PIN debit cards in the early 1990s, when the cost of this technology was much higher than it is now.