EMV Smart Card
Challenges

The magnetic stripes on traditional credit and debit cards store contain unchanging data. Whoever accesses that data gains the sensitive card and cardholder information necessary to make purchases.

That makes traditional cards prime targets for counterfeiters, who convert stolen card data to cash. If someone copies a mag stripe, they can easily replicate that data over and over again because it doesn’t change.

Solution

Unlike magnetic-stripe cards, every time an EMV card is used for payment, the card chip creates a unique transaction code that cannot be used again. Credit, debit, prepaid, and contactless cards, as well as mobile payments – all of these are now being secured with EMV. Your payment strategies can be brought to life on any channel.

SAVIS can walk you through the considerations that card issuers face in managing an EMV program.

Contact EMV
Contact EMV cards are often the first channel on which your EMV program will be built, and they are necessary to meet the requirements of the Fraud Liability Shift.

Contactless EMV
Contactless cards allow customers to tap their card against a payment terminal, enabling the most convenient payment method. Contactless cards harness the security of EMV, offering an ultra-fast way to pay that is safer than ever before.

Mobile EMV
For mobile payments that require the highest security combined with the convenience of a quick tap and pay, Mobile EMV allows you to load a customer’s account credentials directly onto a mobile phone.

In order to provide the best product, we build a strong and lasting partnership with Gemalto, IDEMIA.

Benefits

No Swiping – EMV bank-cards contain smart card technology. Smart cards use a computer and software with hundreds of built-in security features.

No Skimming – Each card has a unique identifier and a digital seal that cannot be copied and successfully cloned onto another card; the banks will know that it is a fake, and will refuse authorization.

Card-Present Security – Because the chip in the card is an active part of the transaction, as compared to magstripe which is passive, EMV provides unparalleled security at the point-of-sale.

Global Interoperability – EMV chip payment cards are already accepted in more than 80 countries.

Core Technology – EMV is the only security standard that can guarantee interoperability between payment technologies, and serves as the core for future payment channels, including Mobile EMV.

Multiple Deployment Options – EMV allows an issuer to choose the secure payment technology they wish to deploy: Contact EMV, Contactless EMV, Mobile EMV, or even all three to maximize customer satisfaction by meeting the diverse payment needs of their client base.

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