Cardholder Verification Method (CVM)

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Presentation transcript:

Cardholder Verification Method (CVM) Technical Term Cardholder Verification Method (CVM) In the context of a transaction, the method used to authenticate that the person presenting the card is the valid cardholder. EMV supports four CVMs: offline personal identification number (PIN) (offline enciphered & plain text) online encrypted PIN signature verification No CVM The issuer decides which CVM methods are supported by the card and the merchant chooses which CVMs are supported by the terminal. The issuer sets a prioritized list of methods on the chip for verification of the cardholder.

Why are chip card transactions more secure? EMV Fact Why are chip card transactions more secure? Chip card transactions offer you advanced security in-store and at the ATM by making every transaction unique. And, your chip card is more difficult to counterfeit or copy. If the card data and the one-time code are stolen, the information cannot be used to create counterfeit cards and commit fraud. Source: www.gochipcard.com

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