News

Webinar provides simple overview of the complexities of EMV

February 8, 2012

Retail Customer Experience recently hosted the webinar "EMV is coming to the U.S. ...are you ready?" The live event, sponsored by Cryptera, is now available for on-demand viewing.

Experts from Cryptera used the one-hour event as an opportunity to present the inner workings of EMV transactions, explaining how the system uses chip-and-PIN technology to reduce the likelihood of payment fraud.

Topics covered in the event included:

• What is EMV? Why is it needed? What are the benefits?
• EMV building blocks (elements of an EMV transaction, dynamic authentification, introducing offline PIN verfication, contactless cards)
• How is EMV implemented? (processing prerequisites, EMV approvals, adding an EMV "kernel," certifying the solution)
• EMV in unattended payment – a specific solution