Do EMV transactions process differently?

Do EMV transactions process differently?

With an EMV card, both the card issuer and the chip on the card must approve or decline the transaction. The card issuer makes a decision and sends a response to the chip, which then makes the final decision.

With a magstripe card, the card issuer approves or declines the transaction.

Modified on: Wed, 8 Aug, 2018 at 6:29 AM