October 2015 marked the start of a new era in the world of payment by card. The switch to EMV cards is well underway, and it’s important to be aware of what they are and why the change is being made.
What Does EMV Mean?
EMV stands for EuroPay, MasterCard and VISA. EMV cards are equipped with computer chips that are used for transactions instead of using the traditional strip-swiping method.