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What does EMV stand for and what is its significance?

rohit kumar . Jun 26, 2024

A:

EMV stands for Europay, Mastercard and Visa, and it is an international benchmark for any chip-based debit and credit card payments. Its significance lies in enhanced security for transactions which not only helps in reducing fraud but also prevents counterfeit cards to be used in payment gateways.

Jun 27, 2024

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