3 Years in, EMV Continues to Elude The Incompetent POS Companies
1 min readFeb 28, 2019
EMV, which stands for Europay, Mastercard and Visa, is a global standard for chip credit and debit cards. As background, the card networks thought that theft via swipe cards was too high: if someone stole your card — or hacked into a point of sale (POS) that swiped your card — they could fairly easily copy the static data contained in the magnetic stripe and reuse it elsewhere. Chip technology via EMV makes the transaction data dynamic so should a hacker gain access to your card’s transaction data the data would be unusable anywhere else: a unique code is generated for each transaction and the same code cannot be used twice.
