EMV payment training and consultancy services? Wondering what all the fuss is about with EMV-certified terminals? Since the liability shift both providers and businesses have scrambled to obtain compliant equipment. Designed to decrease fraud, the EMV terminal reads the unique, one-time code generated when a chip card is inserted. This is a distinct process that requires a separate slot for inserting a chip card compared to the component used for swiping magstripe cards.

EMV cards were never designed to prevent fraud when credit card numbers are stolen and used online (“card-not-present”). However, they were intended to be more secure than fraudulent magnetic stripe cards. Credit card data can be illegally captured at point-of-sale terminals and easily copied onto blank stripe cards with an encoder (see skimming).

Before an EMV capable solution can be deployed, there are many EMVCo mandated tests that need to be passed to validate that an EMV implementation conforms to the EMV standard. As the EMV specifications evolve and are regularly updated this can become a major job in itself – another reason why many businesses who require an EMV “Chip & PIN” or “Chip & Signature” solution opt to license a purpose built off the shelf EMV Software Kernel rather than develop their own in house.

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