Rather, it’s actually an acronym for Europay, Mastercard, and Visa-the three companies to pioneer this payment method. These squares are actually computer chips that are structured to accommodate EMV-the latest development in secure payment technology. Along with the futuristic look they add to any blasé black-striped credit card (nice!), they also come with higher-tech security-and EMV compliance regulations that all businesses must now follow to support it. Thanks to something called “EMV technology,” you’ve likely received new credit and debit cards in the mail sporting simple silver squares.
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