Mag-stripe and EMV Transactions - How they differ

2,270 views

Published on

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.

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
2,270
On SlideShare
0
From Embeds
0
Number of Embeds
988
Actions
Shares
0
Downloads
48
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Mag-stripe and EMV Transactions - How they differ

  1. 1. U.S. Transactions Are Changing With EMV Contact and Contactless MAG-STRIPE HOST PROCESSING Card Validation Card Swipe Clerk Data Entry/Amt, Other/ EMV CONTACT Fraud/ Velocity Check Open to Buy Check Send to Host Response From Host Approval/ Decline Message Receipt Printing HOST PROCESSING TERMINAL PROCESSING Terminal Cardholder Risk Application Offline Data Processing Verification ManageSelection Auth. Restrictions CVM ment Clerk Data Entry/Amt, Other/ Terminal Alalysis/ Decision Card Insert Card Validation Fraud/ Velocity Check Send to Host Open to Buy Check Response From Host Approval/ Decline Message TERMINAL VERIFICATION (TVR) VeriFone, the leader in integrating EMV into payment solutions worldwide, is the perfect partner during this transition. We have years of experience helping thousands convert to EMV with hardware, software and managed services. EMV CONTACTLESS CARD PROCESSING Terminal Verification Terminal Results Analysis/ (TVR) Decision Clerk Data Entry/Amt, Other/ Card Tap HOST PROCESSING Card Validation Send to Host Fraud/ Velocity Check Open to Buy Check Response From Host Approval/ Decline Message Receipt (may not be required) Receipt Printing Remove Card

×