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Emv card reader atm7/27/2023 EMV originally stood for " Europay, Mastercard, and Visa", the three companies that created the standard.ĮMV cards are smart cards, also called chip cards, integrated circuit cards, or IC cards which store their data on integrated circuit chips, in addition to magnetic stripes for backward compatibility. EMV is a payment method based upon a technical standard for smart payment cards and for payment terminals and automated teller machines which can accept them.
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