Download Implementing Electronic Card Payment Systems (Artech House by Cristian Radu PDF

By Cristian Radu
As magnetic stripe playing cards are being changed by means of chip playing cards that provide shoppers and company larger safeguard opposed to fraud, a brand new regular for this expertise is being brought via Europay, credit card and Visa (EMV). This quantity provides a finished review of the EMV chip answer and explains how this know-how offers a chip migration direction, the place interoperability performs a vital function within the company version. The paintings deals an knowing of the protection difficulties linked to magnetic stripe playing cards, and offers the enterprise case for chip migration. furthermore, it explains the implementation of multi-application choice mechanisms in EMV chip playing cards and terminals, and exhibits you the way to layout a multi-application EMV chip card format.
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Implementing Electronic Card Payment Systems (Artech House Computer Security Series)
As magnetic stripe playing cards are being changed by means of chip playing cards that provide shoppers and company higher safety opposed to fraud, a brand new common for this expertise is being brought by way of Europay, credit card and Visa (EMV). This quantity offers a accomplished assessment of the EMV chip resolution and explains how this expertise presents a chip migration direction, the place interoperability performs a principal function within the company version.
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Sample text
Through an authorization response, the issuer host informs the acquirer about the approval or denial of the transaction. The acquirer instructs the ATM terminal at the point of service either to provide the required cash or to decline the transaction. 2 Roles involved in payment card processing Several parties, also referred to as roles, are involved in the processing of a payment card transaction—namely, the issuer, the cardholder, the 14 Payment Card Processing merchant, the acquirer, the card association, and the settlement bank.
When coins were made of precious metals (such as gold or silver), biting the coin was the way one verified its authenticity. This would work regardless of the authority that issued the coins, since their value was intrinsically covered by the weight of the precious metal. Later coins were made of common metals and their value was guaranteed by an authority that stored a reserve in precious metals, whose value was equivalent to the value of the monetary mass in circulation. In this case, counterfeiting involved the replication of the head and tail artwork embossed on the two faces of a coin, which were the distinctive signs of the authority issuing the coins and guaranteeing their value.
The PAN gives enough information for identifying the account of the cardholder to which bills are charged or from which amounts are directly debited and the financial institution that keeps this account. The card acceptor is the party that accepts a payment card at the point of service, formats the data of the transaction in a payment message, and forwards the payment message to the acquirer. 3 Roles involved in payment card processing. 3 Payment card brands 15 merchant selling goods or services or a branch bank disbursing cash for its customers.