Commercial banks that issue EMV payment cards are governed by the EMV Certificate Authority, payment schemes that route payment transactions initiated at Point of Sale Terminals (POS) to a Card Issuing Bank to transfer the funds from the card holder's bank account to the payment recipient’s bank account. Each payment card presents along with its card data also the Card Issuer Certificate to the POS. The Issuer Certificate is signed by EMV CA Certificate. The POS retrieves the public key of EMV CA from its storage, validates the Issuer Certificate and authenticity of the payment card before sending the payment request to the payment scheme.