The Full Form of EMV is Europay, MasterCard, and Visa.
EMV, which stands for Europay, MasterCard, and Visa, is a global standard for authenticating credit and debit card transactions that involves chip-compatible cards and point-of-sale (POS) terminals.
EMV technology has been around for years, and is widely accepted in Europe and around the world. When the U.K. switched to EMV cards, fraud at stores was cut by 70 percent. The U.S.’s continued use of the swipe-and-sign method is one of the main reasons why half of the world’s credit card fraud happens in the U.S.
EMV
means
Europay, MasterCard, and Visa
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