Emv

EMV - Wikipedia, the free encyclopedia
EMV is a standard for interoperation of IC cards ("Chip cards") and IC capable ... The EMV specification is also the basis of the Chip Authentication Program, ...
en.wikipedia.org

EMVCo
EMVCo LLC was formed February 1999 by Europay International, MasterCard International and Visa International to manage, maintain and enhance the EMV? Integrated ...
www.emvco.com

EMV: Summary for SPDR DJ WILSHIRE MID - Yahoo! Finance
Get detailed information on SPDR DJ WILSHIRE MID (EMV) including quote performance, Real-Time ECN, technical chart analysis, key stats, insider transactions, and ...
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ACI Worldwide - EMV compliant payment software from ACI Worldwide
ACI Worldwide has been helping customers with large-scale smart card projects and EMV migrations since 1996, and our EMV and smart card solutions are implemented at ...
www.aciworldwide.com

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This article is about the standard for "smart" payment cards. "EMV" can also be an acronym for eyes, motor and verbal, the three dimensions of the Glasgow Coma Score.

EMV is a standard for interoperation of IC cards ("Chip cards") and IC capable point of sale terminals and Automated Teller Machine's, for authenticating credit card and debit card card payments. The name EMV comes from the initial letters of Europay International, MasterCard and VISA (credit card), the three companies which originally cooperated to develop the standard. Europay International SA was absorbed into Mastercard in 2002. Japan Credit Bureau (formerly Japan Credit Bureau) joined the organisation in December 2004. IC card systems based on EMV are being phased in across the world, under names such as "IC Credit" and "Chip and PIN".

The EMV standard defines the interaction at the physical, electrical, data and application levels between IC cards and IC card processing devices for financial transactions. Portions of the standard are heavily based on the IC Chip card interface defined in Smartcard#Contact_smartcard.

The system is not compatible with the earlier Carte Bleue smart cards systematically deployed in France since 1992. However, Carte Bleue is also moving towards the EMV standard.

The two most widely known implementations of EMV standard are:

VSDC - VISA
MChip - MasterCard.

MasterCard has a Chip Authentication Program (CAP) for secure e-commerce. Its implementation is known as EMV-CAP and supports a number of Modes.

Differences and benefits of EMV The purpose and goal of the EMV standard is to specify interoperation between EMV compliant IC cards and EMV compliant credit card payment terminals throughout the world. There are two major benefits to moving to smart card based credit card payment systems: improved security (with associated fraud reduction), and the possibility for finer control of "offline" credit card transaction approvals.The goals and benefits of EMV: High level standard on terminalcard API. It reduces the cost and time interval of software development (POS, ATM, HSM,...).The non EMV payment smart card has its own crypto protections (RSA, DES) and is based on local private standards.

EMV financial transactions are more secure against fraud than traditional credit card payments which use the data encoded in a magnetic stripe on the back of the card. This is due to the use of encryption algorithms such as Data Encryption Standard, Triple-DES, RSA and SHA to provide authentication of the card to the processing terminal and the transaction processing center. However, processing is generally slower than an equivalent magnetic stripe transaction. This is due to cryptography overhead and time involved in messages transmissions between the card and the terminal. The increased protection from fraud has allowed banks and credit card issuers to push through a 'liability shift' such that merchants are now liable (as from 1 January 2005 in the EU region) for any fraud that results from transactions on systems that are not EMV capable.

Although not the only possible method, the majority of implementations of EMV cards and terminals confirm the identity of the cardholder by requiring the entry of a PIN (Personal Identification Number) rather than signing a paper receipt. Whether or not PIN authentication takes place depends upon the capabilities of the terminal and programming of the card. For more details of this (specifically, the system being implemented in the United Kingdom) see Chip and PIN. In the future, systems may be upgraded to use other authentication systems, such as biometrics, which are generally not considered economical as of 2007.

Control of the EMV standard The first version of EMV standard was published in 1999. Now the standard is defined and managed by the public corporation EMVCo. Recognition of compliance with the EMV standard (i.e. device certification) is issued by EMVCo following submission of results of testing performed by an accredited testing house.

EMV Compliance testing has two levels: EMV Level 1 which covers physical, electrical and transport level interfaces, and EMV Level 2 which covers payment application selection and credit financial transaction processing.

After passing a common EMVCo tests the software must be tested to comply with EMV standard (VISA VSDC, MasterCard MChip,...).

List of EMV documents and standards Since version 4.0, the official EMV standard documents, that define all the components in an EMV payment system, are published as four "books":

Book 1 - Application Independent ICC to Terminal Interface Requirement
Book 2 - Security and Key Management
Book 3 - Application Specification
Book 4 - Cardholder, Attendant, and Acquirer Interface Requirements

Version 4.0 became effective in June 2004. The current version, 4.1, became effective in June 2007.

External links General

EMVCo, the organisation responsible for developing and maintaining the standard
Chip and PIN, site run by the Association For Payment Clearing Services (APACS), the UK's central co-ordinating authority for the implementation of EMV
Chip and SPIN, discussion of some security aspects of EMV, from members of the University of Cambridge Security Group

ISITEL, Inc., ISITEL, Inc. private company responsible for designing, developing and maintaining Electro Magnetic Vehicles

AR-EMV UK : EMV Limited
Supplier of electromagnetic compatibility and radio frequency test equipment and systems for both industrial and military markets.

AR EMV UK : EMV Limited
AR EMV ... Legal company name: EMV Limited VAT Reg number: GB 536 5020 66 Registered in England and Wales number: 1967634

EMV - Wikipedia, the free encyclopedia
EMV is a standard for interoperation of IC cards ("Chip cards") and IC capable POS terminals and ATM 's, for authenticating credit and debit card payments.

Ecebs - EMV::
Ecebs - Revolutionary Technology Simplifying the Deployment of Smartcards ... Ecebs provide a range of payment solutions for the issuers of smartcards.

EMV Cardware EC2000
EMV Cardware EC2000 EMV card issuers need platform and vendor independent solutions to ensure the widest range of options at the lowest possible cost of deployment.

EMV Smart Card Issuing - EMV Migration and Transactions
EMV Smart card issuing and EMV Migration and Transactions by Thales e-Security ... Banking Solutions: EMV Smart Card Issuing: Smart cards are revolutionising ...

INGENICO - EMV
EMV definition. The EMV standard provides the foundation for how payment cards should interoperate with terminals to enable transactions to be carried out securely anywhere in the ...

emv Benelux B.V. Specialists from AC to 3000 GHz!
AC/DC Power : RF & Microwave. AC power souces, DC power supplies, AC & DC electronic loads, high voltage power supplies, power meters & analyzers, custom power supplies

The Logic Group - EMV Chip & PIN Migration
Smart-Switch, the UK's leading Chip & PIN integration software supports store, unattended and wireless environments

Computer Laboratory – Security Group: Chip & PIN (EMV) relay attacks
Chip & PIN (EMV) relay attacks. by Saar Drimer and Steven J. Murdoch. Executive summary. This article discusses the relay attack on Chip & PIN which could be exploited by criminals ...