Glossary

Europay International, Mastercard, Visa (EMV)

The abbreviation EMV also stands for “Europay International, Mastercard, Visa”. These three credit card operators developed a standard for integrating a microchip into the credit and debit cards to make transactions more secure. Through the microchip, the security is increased by encryption. Moreover, many additional functions can be offered. The EMC-standard allows the international use of the card.