EMV

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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 ?
These new approvals follow the previous approvals based on the earlier EMV '96 specification, previously received by Lipman.
Compliance with industry standards: MULTOS is entirely compatible with the EMV '96 standards related to integrated circuit cards for payment systems created by Europay, MasterCard and Visa.
The multi-application card will integrate the reloadable Visa Cash Public Key electronic purse, which conforms to the EMV '96 specification, and the UKIS card, a card authentication method for credit and debit functions based on the APACS (Association for Payment Clearing Services) specification.
SAN FRANCISCO/NEW YORK/WATERLOO--(BUSINESS WIRE)--July 16, 1996--Europay International, MasterCard International and Visa International (EMV) today announced the updated version of the joint specifications for Integrated Circuit Cards (ICC) for Payment Systems, EMV '96.