EMV Migration Webinar / Lessons Learned + Next StepsIngenico Group
To discuss where we are with the U.S. EMV migration, receive insight from merchants who have begun their EMV migration and identify next steps that go beyond EMV. Watch the recorded webinar here - http://hubs.ly/H020LJz0
Merchants mystified by EMV hype? Get the facts before buying or committing to any EMV capable terminals.
Did you know CenPOS is the only agnostic end to end payment engine driving US EMV certified multi-lane terminals today?
processor today?
EMV is a standard for smart payment cards and terminals. EMV stands for – EuroPay, MasterCard and Visa, the three companies who were the founder of the standard. This standard is maintained by EMVCo – a consortium with payment brands like Visa, MasterCard, JCB, American Express, China UnionPay, Discover as members.
EMV Migration Webinar / Lessons Learned + Next StepsIngenico Group
To discuss where we are with the U.S. EMV migration, receive insight from merchants who have begun their EMV migration and identify next steps that go beyond EMV. Watch the recorded webinar here - http://hubs.ly/H020LJz0
Merchants mystified by EMV hype? Get the facts before buying or committing to any EMV capable terminals.
Did you know CenPOS is the only agnostic end to end payment engine driving US EMV certified multi-lane terminals today?
processor today?
EMV is a standard for smart payment cards and terminals. EMV stands for – EuroPay, MasterCard and Visa, the three companies who were the founder of the standard. This standard is maintained by EMVCo – a consortium with payment brands like Visa, MasterCard, JCB, American Express, China UnionPay, Discover as members.
Nadeem Douba, GWAPT, GPEN currently situated in the Ottawa (Ontario, Canada) valley, Nadeem provides technical security consulting services primarily to clients in the health, education, and public sectors. Nadeem has been involved within the security community for over ten years and has frequently presented talks in his local ISSA chapter, and most recently at DEF CON 20 on the topics of Open Source Intelligence and mobile security. He is also an active member of the open source software community and has contributed to projects such as libnet, Backtrack, and Maltego.
Although the EMV migration deadline has long come and gone, there are still several industry players who have yet to implement it. In this recorded webinar, Ingenico Group’s Allen Friedman, Ingenico Mobile Solutions' Andrew Molloy and AZ Payments Group's Rick Oglesby discuss:
- Current state of EMV migration in the U.S.
- 7 Ways Businesses can make EMV migration easier for merchants
Watch the recorded webinar - https://event.webcasts.com/viewer/event.jsp?ei=1106146
In this recorded webinar, we shed some light on the myths vs. the truths about EMV. Our payment experts address common misconceptions and provide answers to questions, such as:
- What is EMV?
- How does EMV security work?
- What does it take to become EMV-ready?
- Does EMV ensure PCI compliance?
- When is the migration deadline?
- What happens after the migration deadline?
View the full webinar - at http://info.ingenico.us/emv-myths-recorded-webinar
Semi-Integrated Payments / A Simplified Approach to EMV & PCIIngenico Group
Learn what is driving a shift in the traditional payments architecture and how a secure, semi-integrated approach can help: ease EMV migration, improve security, reduce PCI scope and gain flexibility. Watch the full webinar here - http://hubs.ly/H01XXv80
A quick overview of this technology call an Integrated Circuit Card aka the Smart Card or Chip Card used in 2005 to a audience of Canadian Financial Institution executives.
The BRF210 Contactless Antenna is an optional receiver that can be plugged into the SCR200 and can support contactless and NFC payments with Visa PayWave, MasterCard PayPass, American Express and Discover.
Swiss Kenko Company Limited is offering with the SANYIKO ERP REVENUE SOLUTION a strong package that helps grow Revenue in County Covernments and increases accountability.
Nadeem Douba, GWAPT, GPEN currently situated in the Ottawa (Ontario, Canada) valley, Nadeem provides technical security consulting services primarily to clients in the health, education, and public sectors. Nadeem has been involved within the security community for over ten years and has frequently presented talks in his local ISSA chapter, and most recently at DEF CON 20 on the topics of Open Source Intelligence and mobile security. He is also an active member of the open source software community and has contributed to projects such as libnet, Backtrack, and Maltego.
Although the EMV migration deadline has long come and gone, there are still several industry players who have yet to implement it. In this recorded webinar, Ingenico Group’s Allen Friedman, Ingenico Mobile Solutions' Andrew Molloy and AZ Payments Group's Rick Oglesby discuss:
- Current state of EMV migration in the U.S.
- 7 Ways Businesses can make EMV migration easier for merchants
Watch the recorded webinar - https://event.webcasts.com/viewer/event.jsp?ei=1106146
In this recorded webinar, we shed some light on the myths vs. the truths about EMV. Our payment experts address common misconceptions and provide answers to questions, such as:
- What is EMV?
- How does EMV security work?
- What does it take to become EMV-ready?
- Does EMV ensure PCI compliance?
- When is the migration deadline?
- What happens after the migration deadline?
View the full webinar - at http://info.ingenico.us/emv-myths-recorded-webinar
Semi-Integrated Payments / A Simplified Approach to EMV & PCIIngenico Group
Learn what is driving a shift in the traditional payments architecture and how a secure, semi-integrated approach can help: ease EMV migration, improve security, reduce PCI scope and gain flexibility. Watch the full webinar here - http://hubs.ly/H01XXv80
A quick overview of this technology call an Integrated Circuit Card aka the Smart Card or Chip Card used in 2005 to a audience of Canadian Financial Institution executives.
The BRF210 Contactless Antenna is an optional receiver that can be plugged into the SCR200 and can support contactless and NFC payments with Visa PayWave, MasterCard PayPass, American Express and Discover.
Swiss Kenko Company Limited is offering with the SANYIKO ERP REVENUE SOLUTION a strong package that helps grow Revenue in County Covernments and increases accountability.
The License Plate has become the bar code of parking enforcement. Using pay by plate technology, the license plate ties all parking rights to the plate creating a unified parking system for a more efficient long term modern parking solution. Learn more about pay by plate and how the Pittsburgh Parking Authority became one of the first enforcement agencies in North America to successfully deploy pay by plate at http://www.gtechna.com/products/officer-parking
This presentation was given Dave Witts (Creditcall's President of US Payment Systems) at the International Parking Institute (IPI) Conference & Expo on May 20, 2016.
Mag-stripe and EMV Transactions - How they differVerifone
EMV-based payments seems so simple right? You stick your card in the payment terminal slot, leave it there for a few seconds and you're done. Easy yes. But there's a whole lot of work that goes on behind the scenes to make it easy to use. This graphic shows the differences between today's mag-stripe transaction and an EMV one.
Vending, Ticketing & Co.: Marktsegmente mit hohem Potenzial
Betreiber und Automaten-Anbieter stehen vor der Herausforderung, mit der technologischen Evolution Schritt zu halten und Lösungen zu finden, die sich einfach in die vorhandene Infrastruktur einbinden lassen. Bei der Entwicklung der Produktserie UX Solutions durch VeriFone lag der Fokus auf kundenorientierten, praktischen Innovationen, die sowohl Betreibern als auch Systemintegratoren und Endnutzern einen Mehrwert bieten.
Lesen Sie das eBook von VeriFone
With the adoption of EMV bank cards by the US, a strong authN, global identity system is possible, using the payment card network to handle the identity transactions
Nowaday, embedded systems are widely used and connected to networks, especially the Internet. This become the Internet of Things (IoT) era. When a device is on the Internet, it may be attacked or intentionally used by an unauthorized persons. How can we make IoT devices secure under the limited resources?
This presentation will explain the lesson learned from banking and card payment industry how the embedded systems process financial transaction reliably and securely.
The Long Road to EMV: An In-Depth Look at EMV and How It Will Impact IADskahunaworld
The card networks have set their EMV liability shift mandates, causing the financial industry to scramble to meet the demands...including IADs. What does your company need to know about EMV? Where does the industry currently stand on moving forward with implementation?
Financial Tech - St. Charles County Chambers Technology Committee presentatio...Ken Tucker
An Apple, a Chip and a Square walk into a bar… how does the bartender get paid?
Big change is coming Oct 1, 2015 – Make sure you have what you need to get paid.
The world of payment processing is going through some major changes – some of which are mandated by the government to happen before October – are you prepared? With all the changes in financial tech, explore different ways to accept payment. Topics include: EMV chips, the Square & similar products, NFC products (Apple iPay, Google Wallet, etc), using services such as PayPal, Stripe, or Authorize.net
NetMatrix TLE Terminal Line Encryption. SPVA certified, DUKPT, 3DES, DES, AES...Alex Tan
NetMATRIX (Multi-Application Transaction Routing and Identification eXchange) Terminal Line Encryption - is the complete solution for banks wishing to introduce terminal line encryption into their existing POS network infrastructure.
1. Multi-box, high-performance, high-availability, load-balancing architecture
2. Multi-host links: Performs smart routing to multiple hosts
3. Multiple channels: dial-ups, lease lines, GPRS, broadband
4. End-to-end encryption (E2EE) featuring multiple encryption algorithms : TEA, DES, 3DES, AES
5. Upstream/Downstream encryption
6. Multiple MACing algorithms : X9.9, X9.19, SHA-1 + X9.9, SHA-1 + X9.19
7. Multiple key management schemes: Unique key per terminal, unique key per transaction
8. Supports different messaging formats (full message encryption, selected field encryption)
9. Local and remote secure key injection capabilities
10. Supports leading terminal brands and models
11. PCI compliance
With NetMATRIX TLE, we addressed network security and fraud threats with a plug-and-play solution that requires no host changes. In providing critical capabilities such as remote key injection and management, NetMATRIX also addresses other administration and deployment issues such as mixed terminal environments, phased deployments, and key changeovers.
Despite its holistic approach to security and encryption, it is also scalable and highly available to meet the demands of mission-critical, high-volume transaction processing environments providing 3-in-1fuctionality: a combination Switching NAC, Concentrator NAC and TLE.
EMV COMPLIANCE & SECURE EMV CHIP TECHNOLOGY FOR EVERY RETAILER ACROSS CANADAMONEXgroup
In this article, MONEXgroup highlights the benefits of processing securely through Point of Sale (POS) terminals. Across Canada, EMV Compliance will be mandatory for all merchants using EMV chip technology by the end of 2015.
“Magnetic stripe transactions will no longer be accepted at POS after December 31, 2015” (Interac.ca). According to Interac.ca, all POS terminals across Canada must be updated to chip technology before approaching 2016.
The recent batch of mega retailers that have been compromised, including Target, Neiman Marcus and Michaels, has revealed just how vulnerable payment systems are. Even with sophisticated tools, strong security policies, updated regulatory requirements such as PCI v3 and other measures to mitigate these attacks, hackers are still able to compromise the systems by taking advantage of inherent vulnerabilities in payment systems.
In this webcast, payment systems expert Slava Gomzin, author of Hacking Point of Sale: Payment Application Secrets, Threats, and Solutions, will show us how retailers such as Target were compromised, what went wrong, failures in PCI to address all vulnerabilities and how these types of breaches can be prevented in the future.
Webcast participants will also receive a free sample chapter of Slava’s book on “Payment Application Architecture,” which provides a detailed overview of how payment systems work, protocols and their weaknesses.
Does security and convenience go well one with another and how to increase customer's convenience in digital commerce? What's new in ACS 2.0 and how SA supports online commerce safety? Presentation will give you answers to all of those questions but also an insight about advanced security options topics.
This presentation provides an overview of EMV chip technology, including EMV history, usage statistics surrounding EMV around the world and in the US, myths surrounding EMV, and risks/implementation considerations that face merchants who must update their payment systems to accept EMV cards.
This presentation provides an overview of EMV chip technology, including EMV history, usage statistics surrounding EMV around the world and in the US, myths surrounding EMV, and risks/implementation considerations that face merchants who must update their payment systems to accept EMV cards.
An overview of EMV technology. EMV is a fraud-reducing technology that can help protect against losses from the use of counterfeit and lost or stolen credit cards at the point-of-sale. Card data is stored in a smart chip; rather than the magnetic stripe. (Cards will be equipped with a magnetic stripe as well, but they will eventually be phased out.) This technology is often referred to as chip-cards, or smart-cards, and adds layers of security against counterfeit fraud and theft.
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Yes of course, you can easily start mining pi network coin today and sell to legit pi vendors in the United States.
Here the telegram contact of my personal vendor.
@Pi_vendor_247
#pi network #pi coins #legit #passive income
#US
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
2. In the beginning there was the card
........next there was fraud (its not just about fraud)
Source: EMVCo
3. Fraud History 1980 – present
• Around the world, bank card fraud losses to Visa and MasterCard alone have
increased from $110 million in 1980 to an estimated $1.63 billion in 1995
• The Australian Institute of Criminology has revealed that fraud accounted for
57.15 cents of every $1,000 transacted using credit and charge cards in 2009.
– This is an increase of 55 percent since 2006
• The Australian Crime Commission 2011 report found that in 2010, 593,819
fraudulent credit card transactions occurred, scamming Aussies out of a
whopping $145,854,208
• 10% of Australians says they have been a victim of credit card fraud over the
past 5 years, which is relatively low compared to some other countries.
– America and UK - 27%
– China and Singapore – 15%
– Germany – 8%
– Dubai - 7%
7. What is EMV?
• EMV® is a global standard for credit and debit payment cards based on chip card
technology. As of end-2010, there were more than 1.24 billion EMV compliant
chip-based payment cards in use worldwide.
EMV chip-based payment cards, also known as smart cards, contain an
embedded microprocessor, a type of small computer. The microprocessor chip
contains the information needed to use the card for payment, and is protected
by various security features. Chip cards are a more secure alternative to
traditional magnetic stripe payment cards.
• EMVCo manages, maintains and enhances the EMV® Integrated Circuit Card
Specifications for chip-based payment cards and acceptance devices, including
point of sale (POS) terminals and ATMs. EMVCo also establishes and administers
testing and approval processes to evaluate compliance with the EMV
Specifications.
Source - EMVCo
20. PCI –DSS
• PCI security standards are technical and operational requirements set by the
PCI Security Standards Council (PCI SSC) to protect cardholder data. The
standards apply to all entities that store, process or transmit cardholder data
– with guidance for software developers and manufacturers of applications
and devices used in those transactions.
Source: PCI Security Standards Council
21. PCI - Terms
• The PCI DSS applies to all entities that store, process, and/or transmit
cardholder data. It covers technical and operational system components
included in or connected to cardholder data. If you are a merchant who
accepts or processes payment cards, you must comply with the PCI DSS. (the
organisation)
• The PA-DSS is for software developers and integrators of payment
PA-
applications that store, process or transmit cardholder data as part of
authorization or settlement when these applications are sold, distributed or
licensed to third parties.
• The PCI PTS (formerly PCI PED) is a set of security requirements focused on
characteristics and management of devices used in the protection of
cardholder PINs and other payment processing related activities. The
requirements are for manufacturers to follow in the design, manufacture and
transport of a device to the entity that implements it. Most relevant is the
new standard – PCI-PTS (3.1) for payment terminals with no PIN entry
(October 2011).
PTS= PIN Transaction Security.
Source: PCI Security Standards Council
22. PCI and EMV
• However, EMV by itself does not protect the confidentiality of, or inappropriate access
to sensitive cardholder data. Current EMV acceptance and processing environments
may process both EMV and non-EMV transactions, (such as magnetic stripe, or primary
account numbers (PAN) . These non-EMV transactions do not have the same fraud-
reduction capabilities of EMV transactions and, consequently, require additional
protection.
• In addition, it is important to note that in EMV environments the PAN is not kept
confidential at any point in the transaction, indeed, it is necessary for the PAN to be
processed by the point-of-sale terminal in the clear in order to complete critical steps
in the EMV transaction process. The expiry date and other cardholder data are also
transmitted in clear-text.
• The potential for these transaction types and/or data elements to be exposed and
used fraudulently within both the face-to-face channel and the card-not-present
channel are the reasons why it is necessary to implement PCI DSS in today’s EMV
acceptance environment(s)
• By design, PCI DSS does not distinguish between underlying transaction security
mechanisms, but instead seeks to protect the PAN and other sensitive authentication
data. Both PCI and EMV are essential elements in the fight against fraud and data
exposure. Together they provide the greatest level of security for cardholder data
throughout the entire transaction process
Source: PCI Security Standards Council