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EMV stands for "Europay, Mastercard, and Visa", the three companies that created the standard. [1] EMV cards are smart cards, also called chip cards, integrated circuit cards, or IC cards, which store their data on integrated circuitchips, in addition to magnetic stripesfor backward compatibility.
Appearance. Finnish national identity card. A smart card (SC), chip card, or integrated circuit card (ICC or IC card), is a card used to control access to a resource. It is typically a plastic credit card-sized card with an embedded integrated circuit (IC) chip. [ 1 ] Many smart cards include a pattern of metal contacts to electrically connect ...
This chip is commonly found in smartphones and other NFC devices. Near-field communication (NFC) is a set of communication protocols that enables communication between two electronic devices over a distance of 4 centimetres (1.6 in) or less. [ 1 ] NFC offers a low-speed connection through a simple setup that can be used for the bootstrapping of ...
A Universal Payment Identification Code (UPIC) is an identifier (or banking address) for a bank account in the United States used to receive electronic credit payments. [1] A UPIC acts exactly like a US bank account number and protects sensitive banking information.
Contactless payment systems are credit cards and debit cards, key fobs, smart cards, or other devices, including smartphones and other mobile devices, that use radio-frequency identification (RFID) or near-field communication (NFC) for making secure payments. The embedded integrated circuit chip and antenna enable consumers to wave their card ...
Payment card numbers are composed of 8 to 19 digits, [ 1 ] The leading six or eight digits are the issuer identification number (IIN) sometimes referred to as the bank identification number (BIN). [ 2 ]: 33[ 3 ] The remaining numbers, except the last digit, are the individual account identification number. The last digit is the Luhn check digit.
Unified Payments Interface, commonly referred to as UPI, is an Indian instant payment system as well as protocol developed by the National Payments Corporation of India (NPCI) in 2016. The interface facilitates inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions. [ 1 ][ 2 ] It is used on mobile devices to instantly transfer ...
The pinouts are the dark circles surrounding the integrated circuit. An integrated circuit (IC), also known as a microchip, computer chip, or simply chip, is a small electronic device made up of multiple interconnected electronic components such as transistors, resistors, and capacitors. These components are etched onto a small piece of ...