Archive for May, 2014

  • News Story

    EMV.. What is it, and what does the parking industry need to do about it?

    EMV.. What is it, why is it important, and what does the parking industry need to do about it?

    What is it? EMV stands for Europay, MasterCard and Visa, and is a standard used by banks the world over for the manufacture and use of Credit Cards. The standard has multiples layers of security, including an embedded chip, and a unique identifier which can change at any time.
    Why is it important? The use of the EMV standard makes it almost impossible to hack into a card to collect the information stored within it. The older magnetic stripe cards can be easily read, written, deleted or changed with off-the-shelf equipment, leading to high levels of credit card fraud… a cost borne by the entire community.

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