EMV

to get angrier than he was before. "Do you have a chip reader?" The man nodded and slammed his card into the box and the machine dinged. The teen gave him his receipt and the man stormed out. Chip readers seem to be the new invention for credit cards. Almost all credit and debit cards have them now, but why? Why was this feature added to the card. Is it safer for the machine to read a chip than to read a swipe? Chip cards seem to be the evolution to our payment system to help with security and fraud. However what achievement do they fill? Are they even worth it? EMV, which stands for Europay, MasterCard® and Visa®, has become a world wide sensation. Payment options—such as cards and mobile devices—features with microprocessor chips that protect and store data. EMV has other names such as: "chip and PIN" or "chip and signature". Although what makes EMV different from a normal card? Is the swipe just not enough? EMV is there to offer protection and security. Therefore the gold chip is now the protector of all evil against fraud and sensitive payment data. The chip is the knight of the realm. Payment data is more secure on a chip-enabled payment card than on a magnetic strip. This is because data from a magnetic strip card can be easily copied with any device. This enables any criminal or a normal person to reproduce counterfeit cards to use anywhere. Counterfeit fraud can be protected efficiently by chip technology with its authentication capabilities. So when using a chip…

The paper that I am using for this report is titled “Chip and Skim: cloning EMV cards with the pre-play attack”. This paper is written by Mike Bond, Omar Choudary, Steven J. Murdoch, Sergei Skorobogatov, and Ross Anderson of the University of Cambridge. The purpose of the paper is to point out the flaws with EMV technology. The paper starts out by giving a brief historical overview of EMV. They then discuss the technical details of how EMV works and how it can be exploited. This discussion is…

offer is the Square Contactless/Chip Reader. This device is not available just yet, but will be soon. “Tap and go or dip the chip” ("NFC Reader for Apple Pay, Contactless & Chip), is the motto for this new device. This device uses NFC, near field communications, to communicate between the device and the mobile phone. It works with Apple Pay or Android Pay on an iPhone or Android phone. All that needs to happen, once the Apple Pay or Android Pay is open, is for a phone to be near the Contactless…

In "Stuff Is Not Salvation," Anna Quindlen, a columnist at News Week, talks about how American consumers are out of control with buying the things they want instead of what they need. She talks about how the addiction to consumption is becoming much more of a problem than it should be. People love the idea of getting a good bargain and feel as if they can 't pass it up. She also mentions how this has been going on for decades, all the way back to the Great Depression. The big difference between…

Securing Your Needs Securing your needs involves managing your money in a way that is resourceful. Money may be spent through cash, credit or debit cards, checks or applying for a loan. Another important component includes benefits from a job, large household needs, insurance and managing debt. These components are important because they lead you to build your wealth. Using these tools properly can help you save money while using them incorrectly can put you deeply in debt. My current situation…

EMV Contactless Specifications This chapter provides a description of the EMV contactless protocol. Section 3.1 describes the different documents the describe the EMV Contactless specifications. Section 3.2 describes the contactless interface of EMV Contactless cards. Section 3.3 gives a high level overview of the EMV Contactless transactions. Finally, 3.4 gives a complete description of the Mastercard PayPass specifications. 3.1 EMV Contactless Specification Documents The EMV Contactless…

New to You, or Tried and True? Many would say that voting is the most imporant part of polictics, and for generations we've done it the same way, on paper ballots; until recently that is. Now, there's a new way to vote on Electronic Voting Machines (EMVs). Though both ways pose problems to different groups of people in the U.S. I believe that everyone could be happy if we stuck with paper voting. Lets start with the positives of the EMVs. They're more accessible to people with…

In my opinon, i would have to agree that using EVMs are a great tool and should be used by all states. I say this only because in the passage it states that 20 percent of people with disabilities are less likely to vote, mostly from having no access there. Also i believe the goverment would have to make sure these EVMs are updated and unhackable. The hacking part may cause a major concern because its been happening so much in politics. If there is a way to put the EVMs on a private Wi-Fi that…

Our country is changing everyday, many people may disagree with that statment, but it is not false. Part of change has to do with technology. Technology has become such a big rule in our lives that we now do almost everything on it. I think it is a great idea for us to use electronic voting machines. Many people in America have disabilities, by using EMVs, it makes them being able to vote so much eaiser than not having EMVs. America is all about different people coming together and making…

and 40% get non-substantial amounts of uranium 5 tones. The selling price is $0.3m per ton and digging requires an initial investment of $3m. (see the following decision tree). 1) Based on the EMV of each outcome, Uranium-king’s optimal course of action should not need consultation and dig uranium. It is the highest EMV, which equals to (25*0.3m*0.6) +(5*0.3m*0.4)-3=$2.1m. 2) To get the highest fee that Uranium-king are willing to pay for Geo-Star’s service, EMV of choosing that service…