What is EMV kernel and their types? How it enhances the security of card-based transactions.
In today's digital world, the use of card-based transactions has become increasingly prevalent. However, with the rise of these transactions comes the risk of fraud and data breaches. To combat this, the Europay, Mastercard, and Visa (EMV) consortium developed a set of global standards for credit and debit card payments known as EMV. One of the core components of the EMV standard is the EMV kernel. What is the EMV Kernel? An EMV kernel is the software component of an EMV transaction that runs on a chip card, point-of-sale terminal, or other payment device. It is responsible for processing and authenticating the transaction data between the chip card and the payment terminal. The EMV kernel is a key part of the EMV standard and is critical to the security of card transactions. It is designed to protect against a range of fraud types, including counterfeit cards, lost or stolen cards, and skimming attacks. Types of EMV Kernels There are various types of EMV kernels that can be used i...