EMV

What is the Difference Between EMV and PCI Compliance?

Due to the timing of the upcoming liability shift to EMV on October 1, 2015, and the new PCI requirements that went into effect on July 1, 2015, you may be wondering what the difference is between the two.   
 
Both EMV and PCI Compliance are guidelines for protecting cardholder data for the purpose of reducing fraud, but focus on different elements of the credit card transaction. 
 

What is EMV?

EMV (Europay, MasterCard Visa) is a global standard for secure payments and has already been deployed in more than 80 countries.

In the United States (US) consumers have traditionally used cards with a simple swipe.  Unfortunately, magnetic stripe cards have proven susceptible to counterfeit fraud.  EMV cards will be equipped with a “smart chip” allowing for more sophisticated authentication than magnetic stripe cards.  The chip is tamper-proof, making the card nearly impossible to clone.

EMV

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