EMV
Meaning
Europay, MasterCard, and Visa
Example
"You can insert the card instead of swiping it if it is EMV."
EMV card with a chip
Related Slang
Usage
Last Updated: September 26, 2017
EMV definition
This page explains what the acronym "EMV" means. The definition, example, and related terms listed above have been written and compiled by the Slangit team.
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EMV is an acronym that stands for Europay, MasterCard, and Visa, which are the three companies that came up with the smart payment card standard. EMV is more commonly known as chip cards or smart cards.
EMV store data on integrated circuits and also include magnetic strips for older devices that do not offer a chip reader. These cards are typically inserted into a device to be read and require a PIN. The main purpose of EMV was to increase security of transactions.