One-Time Code Cardholder Verification Method in Electronic Funds Transfer Transactions

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One-Time Code Cardholder Verification Method in Electronic Funds Transfer Transactions

Card payments are getting more and more popular across the world. The dominant standard used for Electronic Funds Transfer transaction is EMV. It is widely used across Europe and Canada, and currently it is being introduced in the USA. The most frequently used Cardholder Veri cation Method in EMV transaction is PIN, which requires from the payment terminal to be equipped with pinpad which incre...

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One-Time Code Cardholder Veri cation Method in Electronic Funds Transfer Transactions

Card payments are getting more and more popular across the world. The dominant standard used for Electronic Funds Transfer transaction is EMV. It is widely used across Europe and Canada, and currently it is being introduced in the USA. The most frequently used Cardholder Veri cation Method in EMV transaction is PIN, which requires from the payment terminal to be equipped with pinpad which incre...

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ژورنال

عنوان ژورنال: Annales UMCS, Informatica

سال: 2014

ISSN: 2083-3628

DOI: 10.2478/umcsinfo-2014-0006