Payment security to be improved as US adopts EMV standards

Mobile security payments online retail card

Executive order calls for the adoption of EMV Late last week, President Obama signed an executive order that will speed up the adoption of EMV-standard payment cards in the United States. EMV is an acronym referring to security and payment standards introduced by Europay, MasterCard, and Visa. These standards involve the use of microchips used for payment cards rather than the traditional magnetic strips. EMV standards are considered by financial organizations to allow for more secure transactions. EMV cards can help improve payment security by a significant degree EMV standards…

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