This kind of chip technology adds layers of security against fraud and is virtually impossible to duplicate. Short for Europay, Mastercard and Visa, EMV card processing leverages fraud-reducing technology that helps protect issuers, merchants, and consumers against losses from the use of counterfeit or stolen payment cards at the point of sale (POS).ĮMV processing accomplishes this with the help of embedded microprocessors, or smart chips, which interact with the merchant’s POS device to ensure the payment card belongs to the person using it.
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