Among the latest challenges of banking payment sector, EMV is probably the hottest. EMV is named after Europay International, MasterCard International and Visa International, who created a joint industry working group which first met back in 1994 to facilitate the introduction of chip as the replacement technology for Credit and Debit cards, replacing the traditional magnetic stripe.
EMV standards are expected to bring many benefits to card issuers and acquirers, including reducing the rapidly escalating levels of fraud losses and tackling the growth in 'Skimming' attacks. Smart cards allow for the introduction of stronger security counter measures, enable offline PIN verification, provide the ability to support enhanced data and introduce new risk management capabilities.
Verisoft provides EMV card issuance and acquiring solutions with complete back office and switching solutions for EFT/POS, ATMs, e-commerce and crypto systems. Consulting, training and implementation services include all support until EMV system certification and roll out to field.
Verisoft EMV solutions partnered with P3 of Thales are designed to manage multiple applications on a single smart card not only for EMV applications, but also e-Purse, PKI, and Loyalty applications.
With any smart card, any embosser...
References in EMV
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