EMV Standart

EMV is the technical standard that ensures chip-based payment cards and terminals are compatible around the world. The term refers to Europay, MasterCard and Visa, the three organisations that originally developed the specifications in 1994. The EMV standard is currently managed by EMVCo LLC, which is equally owned by American Express, JCB, MasterCard and Visa. EMV is more than secure retail payments. It opens the door to a range of innovative secure payment and identity solutions across multiple platforms, whilst offering widely available and low-cost infrastructure through which to deliver complementary services. There is no need for expensive infrastructure to reload the cards as the information is held in a central account and not locally on the cards. 

Transaction speed and customer convenience are priorities for public transport operators. With the introduction of contactless payment cards by banks, transit authorities are finding it attractive to adopt EMV-enabled bank cards in an open payment system whereby the cards are directly used for fare payment. This improves passenger convenience and reduces the card-issue and management cost for transit authorities.

An EMV payment system uses a microprocessor embedded in a plastic card or a mobile device to connect to an EMV point-of-sale (POS) via a contact or contactless interface. The chip securely stores information about the payments application and performs cryptographic processing. This provides an additional level of card authentication, which validates the legitimacy of the payment type being used.

As Asis, we continue to present our global system provider position at world standards by offering this feature in all our devices that keeps customer comfort in front, reduces the costs of public transport operators and improves system security.