Global Emv Cards Market to Grow Steadily at a CAGR of 16.9% During the Period 2016-2020
EMV is a standard for payment cards, payment terminals, and automated teller machines (ATMs). The EMV standard was developed to deliver a safe and secure payment transaction between chip-based payment cards and terminals. A dynamic code is generated for every transaction when an EMV card is inserted into an EMV point-of-sale (POS) terminal. This is the prime benefit of EMV cards as it becomes almost impossible for fraudsters to decode customer information.
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