![]() ![]() But what is EMV chip technology and why is it proving to be such a success? What is EMV?ĮMV is designed to ensure the security of chip-based payment cards. With EMV migration in the US in full swing, there is little chance of it staying out of the headlines. The number of chip cards in circulation increased by 1 billion in 2014 representing growth of 43% a number that was boosted by UnionPay’s engagement in EMVCo in the same year. ![]() The adoption of EMV® chip technology is growing rapidly around the world.
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