EMV Certification
EMV certification is a requirement for ATM cards as well as other cards that utilize chips for operating financial transactions. EMV stands for Europay, MasterCard and Visa, which are the three most widely used chip cards around the world, and the EMV certification is required to verify any debit or credit transactions made using the card.
Importance of EMV Certification
ATM cards require EMV certification to enable card holders to use any kind of ATM terminal anywhere in the world. This is why you can still remove your cash from your bank’s ATM service even when you're abroad, which makes it much easier to gain access to your funds. Certification also ensures a high level of security for your transactions since every withdrawal from the ATM is monitored and recorded.
Most certified cards require the user to input a personal identification number (PIN) in order to use the card. Typing in a personal identification number is more secure and convenient as opposed to signing a paper receipt for the transaction, thus also contributing to the convenience of using EMV certified cards.
How EMV Certified Cards Work
When a card has passed EMV certification, it includes a few inbuilt commands that are triggered during transactions with the card reader, in this instance the ATM service. These commands include the following:
•Blocking and unblocking the application
•Blocking the card altogether
•PIN changes
•Verifying the transactions
•Internal and external authentication
•Transaction processing options
These commands are crucial in the whole steps involved in withdrawing cash at an ATM, from entering your PIN number to picking the amount of cash to withdraw as well as receiving a receipt at the end of the transaction.
How Can An ATM Provider Get EMV Certification?
EMV certification requires a good amount of training and quality checks to achieve. Many EMV certification providers do exist for firms that require these services, not simply for ATM but for smart cards, gift cards and others that need similar security and transaction processes. Certification generally takes place in the following basic steps:
1. Initial visit to the business owner to gather details about the certification needs of the business.
2. An overview of the certification procedures in great detail so the business owner understands what the process will involve. These include the card manufacturing process, chip installation, data processing, and card personalization.
3. Actual card development, complete with the EMV features.
4. Card testing to ensure that it meets all the standards.
Before offering any kind of ATM services the provider has to start the EMV certification process as early as possible. Both the ATM card and also the ATM machine will have to meet these standards, and it'll take plenty of simulations and testing to develop a secure, fraud proof transaction system. Find the best EMV certification answer to develop a globally compliant
