Commonly seen as a chip card where there is a mini microprocessor or chip embedded in the physical credit card, EMV technology has been around since the early 1990s. It is used in Europe along with a personal identification number or pin entered at the time of sale. Data is transmitted from the chip to the cashless payment device and back again. Vending operators would need to replace most of their contact current card readers to accept EMV cards. But does the industry need EMV? Many say no. Full article.
rawpixel.com via Freepik
