As magnetic stripe cards are being replaced by chip cards that offer consumers and businesses greater protection against fraud, a new standard for this technology is being introduced by Europay, MasterCard, and Visa (EMV). This cutting-edge, new book provides you with a comprehensive overview of the EMV chip solution and explains how this technology provides a chip migration path, where interoperability plays a central role in the business model.If a credit card is used, the issuer checks that the cardholder did not reach the spending limit associated with the card. The guarantee of funds is finally approved or rejected and a response code is included in the authorization request ... The authorization request response message (1 1 10) is identified with the same reference number as the corresponding authorization request message (1100).
|Title||:||Implementing Electronic Card Payment Systems|
|Publisher||:||Artech House - 2002-10-31|