EMV Encrypted Magnetic Chip Cards
By 1 October, 2015, every business in the United States is required to be able to accept the chip-enabled credit and debit cards. EMV stands for Europay, MasterCard, Visa. These type of cards have been extremely popular in European Union due to the maximum security. It is extremely hard to hack the data that is encrypted in this magnetic chip, and now this credit and debit payment method is shifting to the United States. The customer must enter their Personal identification number on the merchant's credit card machine making their credit or debit card payment the safest way possible.