EMV stands for Europay, MasterCard and Visa, and is technology introduced by these operators and governed by EMVCo. The chip technology uses encrypted dynamic information embedded on a microchip proce [..]

When a credit or debit card is present for payment at a brick and mortar merchant location.

When a credit or debit card is not present for the payment transaction. Most often used in the e-commerce environment.

In a brick and mortar store the location where payment transactions for goods and services take place. This can also be the payment screen for an e-commerce or m-commerce sale. In such instances POS a [..]

The stripe on the back of credit and debit cards that holds important account information including: cardholder name, zip code, CVV number (different from the one printed on the card) and account numb [..]

During a payment transaction, when a card is swiped, dipped or tapped and a signature is captured as a customer verification method.

A small microchip which is embedded into a credit or debit card that stores dynamic data about an account holder. It is inserted into the point of sale payment terminal and then a corresponding PIN nu [..]

A personal identification number which is unique to the card and known only to the cardholder. It is entered when a card is swiped or dipped into a card reader.

A bank or financial services company, that has a relationship with the merchant, that processes the credit or debit card payment.

Proprietary technology used by Apple devices to pay for goods and services in brick and mortar locations, in-app purchases, as well as in the e-commerce environment.