#bpi emv

EMV is one of those acronyms that you will encounter when visiting banks or ATMs. All banks in the country have started issuing EMV cards to all clients. But what is EMV really and how will customers benefit from it? EMV stands for Europay, Mastercard, and Visa, the three companies that originally created the standard. EMV cards use a chip card technology where an embedded microchip encodes the data of a purchase or transaction in a safe mode. Every time an EMV-enabled card is inserted into an EMV-enabled terminal (like an ATM or point-of-sale machine), a unique and dynamic security code is generated, making it extremely difficult for anyone to reuse your information on the card. In other words, EMV cards provide better protection against counterfeit fraud, skimming, and other attacks related to magnetic stripe (magstripe) cards. As part of its digitalization journey, BPI is one of those banks that have upgraded their clients to EMV cards. Read more in our articles including "Why should you upgrade to EMV cards?" and "BPI ATMs, CDMs, and online banking services to be unavailable in the next few days".