The Ultimate Guide To Understanding EMV
Today, electronic payments represent a significant percentage of transactions for even the smallest retail and restaurant operations. However, along with the convenience and expanded customer options associated with accepting credit and debit cards come a range of security responsibilities for merchants, highlighted by several recent high-profile data breaches.
The U.S payment industry is undergoing one of the biggest changes in the past 40 years: the advent of EMV. EMV (Europay, MasterCard, and Visa) is a set of global standards for electronic payments, including specifications for point of sale hardware, software, and systems, as well as the payment cards themselves.
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