course
EMV
Understand the differences between chip-and-PIN cards and magnetic stripe cards.
Bankers Academy
Updated Jan 26, 2025
What you'll learn
- The differences between chip-and-PIN cards and magnetic stripe cards.
- The importance of the EMV liability shift.
- How chip cards work to better prevent identity theft.
Course Description
This course will introduce the learner to the Europay, MasterCard, and Visa (EMV) global technical standard for payment cards, which covers the processing of credit and debit card payments using a card containing a microprocessor chip. The learner will become familiarized with the October 2015 EMV liability shift and what that means for credit card issuers and merchants in the United States.
