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EMV is the uniform technology standard for bank chip card debit/credit applications jointly established by the international credit card organizations of Europay, MasterCard and Visa.
The world's payment infrastructure is going through a major upgrade to EMV, the smart card standard mandated by Europay, Mastercard and Visa to combat fraud.
Europay, MasterCard and Visa (EMV) have jointly developed a set of global specifications that define and certify vendors' software and hardware to ensure compatibility of chip cards and terminals throughout the world.
It will build on the groundwork established by the Wireless Application Protocol, Bluetooth and the specification by Europay, Mastercard and Visa for smart cards (EMV).
Compliance with industry standards: MULTOS is entirely compatible with the EMV '96 standards related to integrated circuit cards for payment systems created by Europay, MasterCard and Visa.
In addition, the stored value application offers: For members: o Compliance with the joint Europay, MasterCard and Visa (EMV) specifications for interoperability of chip cards.