EMV payment company? EMVCo, which is composed of six member organizations (Visa, MasterCard, Discover, Amex, JCB and UnionPay), manages and defines the specifications for each level and ultimately certifies equipment at just levels 1 and 2. To earn level 3 EMV certification, the equipment must pass tests with each individual card brand. If your business needs to use a payment application specific to your industry, level 3 certification gets a lot more complicated.
EMV Authorization Methods In addition to using the card in the merchant’s terminal to make a purchase, Chip and Signature requires a written signature like magnetic stripe transactions. Chip and PIN is used for debit cards and may also be used for credit cards. See smart card and gold chipped supercomputer.
Chip and PIN Definition. These transactions are often referred to as “Chip and PIN” because PIN entry is required to verify the customer is the genuine cardholder. This is a simplification since the EMV specifications include other cardholder verification methods as well.
Our aim is to help companies to complete EMV Level 2 and Level 3 contact and contactless certification smoothly and in a short time. We use any test tools that the client selected to test cards, terminals, hosts, and payment networks. We provide payment testing & certification services to assist stakeholders. We help your team to give real-time answers to technical, and non-technical EMV questions and subjects. Read even more details at EMV payment training and consultancy company.