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EMV is a payment method based upon a technical standard for smart payment cards and for payment terminals and automated teller machines that can accept them.

EMV cards are smart cards (also called chip cards or IC cards) that store their data on integrated circuits in addition to magnetic stripes (for backward compatibility).

These include cards that must be physically inserted (or “dipped”) into a reader, as well as contactless cards that can be read over a short distance using near-field communication (NFC) technology.

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