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EMV |
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1) The EMV standard, which is a body formed by Europay, MasterCard and Visa ("EMV"), ensures global interoperability across cards, platforms, and devices, and establishes the magnetic stripe to chip migration path and an open platform for payment cards. EMV is the uniform technology standard for bank chip card debit/credit applications jointly established by the international credit card organizations of Europay, MasterCard and Visa. the smart card standard mandated by Europay, Mastercard and Visa to combat fraud. |
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