Editing EMV (section)

{{Short description|Smart payment card standard}}
{{Others}}
{{Use dmy dates|date=December 2019}}

[[File:JGC_VISA01s.jpg|thumb|alt=An EMV credit card|right|220x220px|An EMV credit card]]

'''EMV''' is a payment method based on a technical standard for [[smart card|smart]] [[payment card]]s and for [[payment terminal]]s and [[automated teller machine]]s which can accept them. EMV stands for "[[Europay International|Europay]], [[Mastercard]], and [[Visa Inc.|Visa]]", the three companies that created the standard.<ref name=Cutover2015/>

EMV cards are [[smart cards]], also called chip cards, integrated circuit cards, or IC cards, which store their data on [[integrated circuit]] chips, in addition to [[Magnetic stripe card|magnetic stripes]] for [[backward compatibility]]. These include cards that must be physically inserted or "dipped" into a reader, as well as [[Contactless smart card|contactless cards]] that can be read over a short distance using [[near-field communication]] technology. Payment cards which comply with the EMV standard are often called '''chip and PIN''' or '''chip and signature''' cards, depending on the authentication methods employed by the card issuer, such as a [[personal identification number]] (PIN) or [[electronic signature]]. Standards exist, based on [[ISO/IEC 7816]], for contact cards, and based on [[ISO/IEC 14443]] for contactless cards ([[Mastercard#Mastercard Contactless|Mastercard Contactless]], Visa [[PayWave]], American Express [[ExpressPay]]).<ref>{{citation |publisher=[[Cardwerk Technologies]] |url=https://www.cardwerk.com/smart-card-standards |title=Important smart card industry standards. ISO 7816}}</ref>{{better source|date=July 2022}}