EMV Level 2 testing and certifications firm? The Twist to EMV Certification. Any non-generic, custom-payment application, such as a point-of-sale system, is held to the same testing standards as a generic payment application for EMV certification. The testing falls on the developer of the payment application, but can significantly hold up businesses that need an EMV certified terminal. Wonder why so many businesses still swipe chip cards? It’s because companies are currently waiting up to one year for level 3 EMV certification. Palms sweating? Mind racing? Don’t stress. Even though EMV compliance is still a dream for most businesses, we have solutions available to you right now.
EMV Authorization Methods In addition to using the card in the merchant’s terminal to make a purchase, Chip and Signature requires a written signature like magnetic stripe transactions. Chip and PIN is used for debit cards and may also be used for credit cards. See smart card and gold chipped supercomputer.
Before an EMV capable solution can be deployed, there are many EMVCo mandated tests that need to be passed to validate that an EMV implementation conforms to the EMV standard. As the EMV specifications evolve and are regularly updated this can become a major job in itself – another reason why many businesses who require an EMV “Chip & PIN” or “Chip & Signature” solution opt to license a purpose built off the shelf EMV Software Kernel rather than develop their own in house.
Set your strategic payment decisions — leverage Fairbit Research insights and proprietary data assets. Achieve exceptional results — against mission-critical priorities with independent advice and support from our payment industry and solution experts. Embrace digital payment — harness payment knowledge to fuel business growth. See additional information on EMV Level 3 testing and certifications services.