EMV stands for Europay, MasterCard and Visa. They aim to create standardized protocols for integrated circuit cards and also the hardware that is needed in order to accept these cards.
EMV cards have a small circuit or a chip that is built into the card. The data is then read from the chip instead of from the magnetic strip. These chips are then able to protect against fraud in two ways.
The chip is difficult and also expensive to copy and the data which is transmitted changes each time – Read more