![]() ![]() ![]() Throughout the rest of the world, EMV means chip-and-PIN, which requires users to enter a secret personal identification number to approve a transaction the same as withdrawing cash from an ATM. During the same time, retailers have replaced magnetic-stripe card readers with new chip card readers. banks have replaced traditional magnetic stripe credit cards with new EMV cards – short for Europay MasterCard Visa – that store data on an embedded computer microchip that makes the cards more difficult to counterfeit.
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