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The Key to EMV

EMV Solutions

The Key to EMV

EMV is a security framework that defines the payment interaction at the physical, electrical, data and application levels between chip cards and payment devices. These interactions are often referred to as EMV Level 1 and 2 requirements. EMVCo was created by the payment networks to be a neutral party in making this standard framework.

How Does it Work?

Smart cards are embedded with a chip that is encrypted with data. EMV-enabled devices have the ability to read data stored on a chip within the card. During the transaction authorization process, strong cryptographic functions are used to validate the authenticity of the card and cardholder.

Best of all, when a customer pays using an EMV-enabled device, the device is instantly identified as an authentic, approved payment instrument through a process called dynamic authentication. When used with a PIN, the chip proves that the customer is paying with his or her own card.

By using chips as an active part of the payment transaction, EMV cards and devices help prevent credit card fraud from stolen account numbers and cloned payment cards.

Let VeriFone Be Your Guide

VeriFone, the leader in integrating EMV into payment solutions worldwide, is the perfect partner during this transition. We have years of experience helping thousands convert to EMV with hardware, software and managed services.

Unmatched Product Lines and Extraordinary Security

The complexity of migrating to EMV chip-card standards can pose significant challenges for acquirers and merchants. VeriFone provides an unmatched line of EMV-compliant hardware and software - as well as training and support - to deliver complete solutions for meeting migration plans. In addition, we are working closely with our partners to ensure that all payment applications designed to run on these devices will be EMV-certified. Moreover, you can use our VeriCentre Estate Management or our VeriFone HQ solutions to centrally manage your estate of devices to handle simultaneous downloads efficiently at the least disruptive times.  EMV applications will need to be downloaded into your devices in a quick and efficient manner.

Most importantly, while EMV limits the exposure of payment transactions to fraud and misuse, cardholder information is still transmitted in the clear during an EMV transaction. VeriFone's VeriShield Total Protect, Secured by RSA, applies sophisticated encryption and tokenization to secure cardholder information, from insertion to processing and back.

VX Evolution Solutions

VeriFone's entire VX Evolution line supports contact and contactless transactions. Coupled with advanced security and the reliability and performance of the proven VX platform, EMV has never been so easy.  From market-leading enhancements including increased memory, end-to-end encryption to the first ARM11 processor in payments, all within an integrated security core.


 

VX520_225x 225VX 520

The VX 520 leads the way with unprecedented performance, specialized features and more of everything businesses need in a countertop payment device. The exceptional boost in memory allows new recurring revenue streams from value-added applications to be generated. Learn More »

VX680_225x 225VX 680

VeriFone's VX 680 portable payment device is packed with performance, including optional integrated contactless and a large color touch screen. With industry-leading security, unparalleled speed, NFC-capability, easy-to-use gateways and a recurring revenue stream, the VX 680 is where durability meets capability. Learn More »

1_VX-805-_0055_Swoosh _805type _225x 225VX 805

VeriFone’s VX 805 PIN Pad provides precisely what you need, and nothing you don’t. Enjoy ease of use, solid reliability and the features required for quick payment processing. This sleek device contains everything to start taking EMV and NFC payments, and is powerful enough to meet merchants’ future requirements. Learn More »

VX820_225x 225VX 820

The VX 820 PIN pad easily operates in any environment. This slim, stylish payment solution provides easy handling while ensuring unsurpassed security and reliability. Moreover, the optional, integrated contactless capability including NFC support is built in, providing a streamlined path to penetrate new markets and revenue opportunities. Learn More »

Emv _verixVERIX

VeriFone's EMV module handles all the necessary EMV application functions, so programmers don't need to worry about creating custom EMV code. The Type Approved module can be "plugged in" and used as is, without the need for any modifications or updates that would necessitate going through the Type Approval process again. This enables developers to quickly and easily implement smart card-supported payment applications for issuers and retailers as required.

MX Solutions

Whether you're upgrading your retail POS terminals for PCI compliance, preparing for EMV, taking on a new capability such as mobile retailing, or looking to completely revamp your retail POS system, we can help. For more than three decades, we've been innovating retail POS payment solutions to anticipate the unique needs of some of the largest retail enterprises in the country. 

  • Comprehensive customized retail point-of-sale solutions from back-office enterprise management to mobile retailing
  • Services and solutions to guide you and support you
  • Secure retail POS solutions to protect your customers and reduce your compliance scope




MX SolutionsMX Solutions

The MX Series includes fully customizable payment solutions that engage consumers with multimedia, in-store promotions, digital coupons and offers. The MX 800 and MX 900 Series stand up to the most demanding retail conditions. With chemically-hardened screens that resist scratching and long-life keypads, it's built to last. Learn More »

VeriFone Makes Migrating to EMV Smooth

The easiest way to migrate to EMV is to rely on VeriFone. VeriFone's experts save additional time and labor costs related to payment estate assessment by determining which EMV-compliant hardware and software solutions best optimize business needs and meet EMV migration initiatives.

By working with VeriFone, enjoy the peace of mind of being equipped with everything needed to meet migration plan deadlines and avoid potentially significant risks associated with solutions that are not EMV-compliant.

US Key Dates

Download the chart of key dates (PDF)

Emv _key _dates _chart

What do the dates mean?

Payment card networks in the US have provided guidance on how EMV is to be implemented and the incentives associated with migration to EMV for all payment card participants which includes merchants, acquirers and issuers.  The key date chart provides a summary of those incentives.

Global Impact

Has EMV made a difference in other parts of the world?

Yes. Interac, the only debit network in Canada, EMV has reduced losses from skimming by 73 percent in the last three years.

According to the press release, “Interac debit card fraud skimming losses plummet to lowest level on record” stated that “Interac debit card fraud losses, as a result of skimming, are the lowest on record since 2003 – decreasing to $38.5 million in 2012 from a high of $142 million in 2009.”

While there are different security methods that can be used to secure cards, chip technology is difficult to copy and reproduce. Countries that have leveraged Interac Flash have been protected against skimming, counterfeiting, and transaction replay types of fraud, including electronic pick-pocketing where readers are used to capture information.

Contact vs. Contactless

How does EMV Contactless differ from EMV Contact?

EMV Contact and Contactless vary by consumer use and technology.

EMV Contact

  • Cards are inserted into the chip card (ICC) reader and remain until the transaction is completed
    • Different from what consumers are accustomed to today
  • Data is read from and written to the chip during a transaction so the card is updated each time it is used
  • Transactions will likely be processed online in the U.S., but offline transaction processing is possible

EMV Contactless

  • Contactless cards must be placed in close proximity to the contactless reader (typically ½ to 3 inches and remain only momentarily
    • Transaction is completed after the card has been removed from the contactless field
  • Dual interface cards access the same chip for processing via contact or contactless read
  • Contactless card usage is typically used for transaction speed and convenience 

Differences After Implementation

What other differences should we expect?

EMV transactions take more time than non-EMV because there is more data to process.  Also for EMV contact, the card remains in the device during the entire transaction – no more swipe and place your card back in your wallet.  The POS device will prompt the cardholder to insert and remove the card at the appropriate time. EMV contactless transactions are still swipe-and-go.

EMV AND MAGNETIC STRIPE

EMV Transition Graphic

RESOURCES

WEBINAR

EMV Implementation Tools for Success
Tuesday, August 19th
11:30am EST

COLLATERAL

EMV EBOOK

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