EMV Smart Card Issuing / Fraud Prevention
Smart cards are revolutionising banking with better security and scope for multiple additional applications beyond simple debit or credit card functionality. Early adopters are not only reducing fraud but generating entirely new revenues and differentiation. EMV (Europay, MasterCard, Visa) is the global standard that is helping ensure smart cards, terminals and other systems can interoperate.
MasterCard Specification
MasterCard has a set of specifications describing their product which they call Debit and Credit on Chip. These are functionally equivalent to the VISA VIS specification although there are slight variations.
MasterCard plan to implement Debit and Credit on Chip on the Multos open card platform.
The MasterCard electronic cash product is the Mondex Purse. This can co-reside on the same Multos card as Debit and Credit on Chip.
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