Chip card and EMV standard
Tarjeta con chip y estándar EMV
- Date
- 1994-1996 · confidence high
- Place
- Europay, Mastercard and Visa (standard, 1994-1996); Roland Moreno's chip card, Paris (1974)
- Credited to
- Roland Moreno (chip card, 1974); Michel Ugon (Bull CP8, microprocessor, 1977); the EMV consortium
- People
- 👤 Helmut Gröttrup1916–1981👤 Jürgen Dethloff1924–2002👤 Roland Moreno1945–2012
- Field
- Communication
What it is
A card with a microprocessor that cryptographically authenticates each payment, replacing the clonable magnetic stripe. It drastically reduced fraud and enabled contactless payment.
What it led to
- Contactless payment and mobile payments (Apple Pay)
- The disappearance of cash in northern Europe and China
- The SIM card and the electronic ID card as derivatives
Built on
Made possible
- RFID and NFC1973-2004
- Mobile money (M-Pesa) and mobile payments (Apple Pay, Alipay)2007
- contactless payment
- SIM card
- Electronic ID card