EMV Application Development Company Call Us : +91-9599960442
Increasing counterfeit card fraud led the financial industry to move to smart chip technology for bank cards and to develop the global EMV standard for bank cards based on chip card technology. The EMV specification, first available in 1996 and managed by EMVCo, defines the global interoperable standard for smart bank cards.
Financial institutions in the United States, Europe, Latin America, Asia/Pacific and Canada are issuing contact or dual-interface EMV smart cards for credit and debit payment or migrating to EMV issuance. According to EMVCo, approximately 1.5 billion EMV cards have been issued globally and 21.9 million POS terminals accept EMV cards as of Q4 2011. This represents 44.7% of the total payment cards in circulation and 76.4% of the POS terminals installed globally, excluding the U.S.
Call Us :+91-9599960442
Visit our website : http://neelprosystem.com/application-development-services.html
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Last Update : Jul 27, 2018
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Contact Phone: +91-9599960442
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