EMV: The future of payments with Mastercard®

What is the EMV standard?

EMV is a standard for globally interoperable, secure payments. The key element of EMV involves including dynamic digital data in every transaction. This makes chip transactions extremely secure and reduces the risk of counterfeit fraud.

When a consumer uses an EMV-enabled device to pay at a chip terminal, the transaction is dynamically authenticated, verified and then authorized. The cardholder can use a PIN (Personal Identification Number) or sign as they do today to verify that the consumer is indeed holding his or her own device.

How does EMV reduce fraud?



Explore how a consumer transaction works

See the three steps a consumer takes at the point of sale