Editing EMV (section)

==Chip and PIN vis-à-vis chip and signature==
Chip and PIN is one of the two verification methods that EMV enabled cards can employ.<ref name=CHIPnPIN_NYT>{{cite news |newspaper=[[The New York Times]]
 |url=https://archive.nytimes.com/bits.blogs.nytimes.com/2014/12/02/preparing-for-chip-and-pin-cards-in-the-united-states/
 |title=Preparing for Chip-and-PIN Cards in the United States
 |author=Mark Scott |date=2 December 2014  |access-date=31 July 2022}}</ref> Rather than physically signing a receipt for identification purposes, the user enters a personal identification number (PIN), typically of four to six digits in length. This number must correspond to the information stored on the chip or PIN at Host. Chip and PIN technology makes it much harder for fraudsters to use a found card, inasmuch as if someone steals a card, they are unable to make fraudulent purchases unless they know the PIN.

Chip and signature, on the other hand, differentiates itself from chip and PIN by verifying a consumer's identity with a signature.<ref name=ChipSigNYT>{{cite news
|url=https://archive.nytimes.com/bucks.blogs.nytimes.com/2011/06/20/u-s-bank-and-chase-add-to-e-m-v-chip-cards-for-travelers/
|title=U.S. Bank and Chase Add to E.M.V. Chip Cards for Travelers
|author=Ann Carrns |date=20 June 2011 |access-date=31 July 2022}}</ref>

As of 2015, chip and PIN cards are common in most European countries (e.g., the UK, Ireland, France, Portugal, Finland and the Netherlands) as well as in Pakistan, Iran, Brazil, Colombia, Venezuela, India, Sri Lanka, Canada, Australia and New Zealand. Chip and signature cards are more common in the US, Mexico, parts of South America (such as Argentina and Peru) and some Asian countries (such as Taiwan, Hong Kong, Thailand, South Korea, Singapore, and Indonesia). 
<ref name="chipAndPin2">{{citation
  |url=http://www.ALREADYpassedFILTERwhensTOREDasCARDhub_perhaps_now#wallethub.com/edu/chip-and-pin-vs-chip-and-signature
  |title=Chip-and-PIN vs. Chip-and-Signature
|publisher=CardHub.com (now wallethub) |access-date=31 July 2012}}</ref><ref>{{cite web
|title=EMV Update: Discussion with the Federal Reserve
|url=https://www.federalreserve.gov/newsevents/rr-commpublic/visa-meeting-20140305.pdf
|publisher=Visa |access-date=2 January 2017}}</ref>