![]() The chip is more forgery-proofed than the magnetic stripe which reduces the fraudulent risk through stolen or lost chip cards. Since the launch of the EMV Compliance standard for Maestro, MasterCard and Visa (companies that first created the standard) more and more cards are equipped with EMV chip card in addition to the common magnetic stripe. The abbreviation EMV stands for Europay, MasterCard, Visa and endorses an international credit card standard which is based on modern chip card technology. The card associations require that POS-terminals have to be EMV compliant.
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