EMV

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Related to Chip and Signature: Chip and PIN

EMV

abbreviation for
(Mathematics) expected monetary value: the product of the monetary outcome of a particular decision in a decision tree and the probability of this outcome happening
References in periodicals archive ?
org and organized by Consumer Policy Solutions President Debra Berlyn, the effort features an informative microsite explaining the need for current data security discussions to include the transition to chip and PIN technology for point-of-sale purchases -- not merely chip and signature cards.
THE Payments Council is raising awareness of the existence of chip and signature cards for those who have difficulty entering PIN numbers.
THE Payments Council are raising awareness of the existence of chip and signature cards for those who have difficulty entering PIN numbers.
Mr Hunt claims that new research reveals that little has been done by many banks to publicise the Chip and Signature cards.
Janice Allen, of the National Consumer Council, said: "People are still entitled to use their old cards or their chip and signature cards.
They can issue chip and signature cards at their discretion.
The NCC called on banks to do more to alert people to the alternative cards that were available for elderly and disabled people, such as chip and signature cards, under which people can still use their signature to make a purchase.
Both in the run-up and, even after February 14, cards that have yet to be upgraded, cards from overseas and chip and signature cards for disabled cardholders should always be accepted.
The charity is calling for the Banking Code to be changed, forcing banks to offer information on chip and signature cards to consumers.