Showing posts with label chip program. Show all posts
Showing posts with label chip program. Show all posts

Tuesday, January 10, 2012

EMV Schemes

There are various EMV schemes out there. The term, EMV scheme, is normally used to refer to a concrete implementation of the EMV specification by a vendor. Another common term for the same is "chip card program."

The most famous EMV schemes or chip programs are VSDC (Visa Smart Debit and Credit) by Visa and M/Chip by Mastercard. Other EMV schemes with good market penetration are AEIPS by American Express or AMEX, JCB (Japan Card Bureau), etc.

While at the terminal, a chip card can be identified by reading the "Application Identifier" (AID) on the chip, an online transaction message based on ISO-8583 doesn't contain the AID.