The verification can also be through an offline PIN by the EMV chip card. The cards can be verified with an online PIN and in such cases the PIN is encrypted, and the card issuer verifies it online. ![]() EMV cards have a microchip embedded in them that forms a dynamic authentication code for every transaction. EMV technology is used to validate cards. The technology is developed by Europay, Mastercard, and Visa. EMV refers to a smart-chip technology that is intended for payment cards. ![]() ![]() has been mandated to adopt the chip and signature standard, also known as EMV (Europay, MasterCard, Visa).
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