Understand the differences between chip-and-PIN cards and magnetic stripe cards.

Bankers Academy
Updated Jul 07, 2020

This course will introduce the learner to the Europay, MasterCard, and Visa (EMV) global technical standard for payment cards, which covers the processing of credit and debit card payments using a card containing a microprocessor chip. The learner will become familiarized with the October 2015 EMV liability shift and what that means for credit card issuers and merchants in the United States.