EMV Chip Technology: The global standard for secure and trustworthy transactions.
EMV is the international standard that regulates credit and debit card payments using chip card technology. Named after its developers – Europay, MasterCard and Visa – the EMV standard was created in 1999 and has been in constant development ever since. The standard is designed to enable payments made through cards with integrated microprocessors at a payment terminal.Today more than 75% of payment terminals use EMV technology and more than 1.5 billion cards are fitted with the chips.
Over time EMV has added new technologies to its initial implementation. Having started life as a specification designed to enable transactions when the inbuilt chips are brought into contact with a payment terminal, the specifications now include EMV Contactless, EMV Common Payment Application (CPA), EMV Card Personalisation, and EMV Tokenisation, as well as documentation and materials to manage mobile payments. The guiding principle behind all EMV specifications is a desire to develop an interoperable and global standard for all secure payment transactions (payment security).
The term ‘Chip and PIN’ is often used to describe EMV transactions due to the way that consumers are asked to enter their unique Personal Identification Numbers (PIN) to verify their identity. However, the EMV specifications also make provisions for other types of verification and, unlike the earlier magnetic stripe transactions, which typically only tracked card numbers and expiration dates, EMV transactions contain dozens of pieces of information that can be exchanged between the card (credit card chip), terminal and acquiring bank.
These additional data points mean that a payment terminal must go through several steps to complete a transaction, from handling cryptographic authentication to successfully completing a payment. Adding support for EMV to existing payment applications can therefore be fraught with complexity.
Any company wishing to deploy an EMV system (chip and PIN) must first ensure that its implementation passes a series of tests designed to ensure that it conforms to EMV standards (EMV 4). This testing is carried out within a certification scheme that overcomes the complex technical environment of a system made up of several stakeholders by ensuring that each distinct aspect of the deployment strategy conforms to required specifications, is thoroughly tested and meets security requirements.
Custom Designed Ticket
Custom Designed Payment
Kiosk for E-Stamping
Contact us to discuss how self-service kiosks can benefit your company's bottom line.
Fill out the form to find the best self-service payment terminal for your business.
We can design the ideal payment kiosk for your company, incorporating the exact hardware specification that you need.
Duet Basic is the ideal self-service payment kiosk for fast and easy ticket-sales and check-in processes. With Duet Basic, speed and security are guaranteed for all transactions requiring credit or debit cards.
Curve Pro is the advanced payment kiosk model in the Kiosk Innova Curve family. It is designed to be used as a ticket sales kiosk. It is equipped with credit card, banknote and coin acceptors.
Duet Prime, the double screen self-service payment kiosk, couples marketing channels with payment processes. Customers can view ads on the extra screen while making their payments on the main screen at the kiosk.
Duet Pro is the most sophisticated double-screen kiosk in Duet series. This self-service payment kiosk accepts banknotes, coins, debit/credit cards. It also allows customers to view informative material on the second ads display.