EMV: How Does Chip, PIN Credit Cards Work

The full form of EMV is Europay Master Card and Visa card. You can also call these cards as Chip and Pin.


I have given answers to what is EMV chip card and ATM chip credit card in this post.

credit card with emv feature
credit card with chip option

Regulator of EMV cards

These are regulated by Integrated circuit card specifications – ICC.

EMV co LLC

EMV has four major partners of JCB, Master card, Visa and American Express. Below is the full list of partners:

  • VIS – Visa
  • Mastercard chip – Mastercard
  • AEIPS – American Express
  • UICS – China Union Pay
  • J Smart – JCB
  • D-PAS – Discover/Diners Club International.
  • Rupay – NPCI
The ISO/IEC 7816 tells about EMV cards.

Chip and Magnetic stripe cards

Chip and Magnetic strip cards you can call them as Dual cards.

These dual cards sometimes, the fraudsters, remove the chip details and force the transaction through magnetic stripe cards.

That is the reason, the major credit card processors tracking now the transaction passed through magnetic strip when chip is available on that card.

EMV technology is new and useful to avoid fraud.

EMV ATM cards

EMV or chip cards, you can use at POS or at ATM machines to withdraw money. EMV cards are more secure than magnetic stripe cards.

Process of EMV chip cards

EMV chip card transactions improve security against fraud compared to magnetic stripe card transactions that rely on the holder’s signature and visual inspection of the card to check for features such as hologram.

The use of a PIN and cryptographic algorithms such as Triple DES, RSA and SHA provide authentication of the card to the processing terminal and the card issuer’s host system.

Related Posts

Author: Srini

Experienced software developer. Skills in Development, Coding, Testing and Debugging. Good Data analytic skills (Data Warehousing and BI). Also skills in Mainframe.