PayPal Introduces EMV Card Processing System

Paypal announced that its mobile credit card processing system, PayPal Here, will soon include support for (chip-and-pin) credit and debit cards also known as EMV. By October U.S. card issuers will be required to use EMV-based cards. EMV — the global standard Europay, MasterCard and Visa for credit and debit card transactions replaces the magnetic strip with chip-and-pin technology for better security.

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