EMV Transaction definition

EMV Transaction means the electronic acceptance of an EMV Card’s microprocessor chip data by point of sale equipment or other electronic payment device at the time of the Transaction, and the inclusion of that data with the electronic submission of the Transaction.
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EMV Transaction means the electronic acceptance of an EMV Card’s chip data by point of sale equipment or other electronic payment device at the time of Sale, and the inclusion of that data with the electronic submission of the Sale. Only a “Card Swipe”, “EMV Transaction” or its manual equivalent, an “Imprint”, is acceptable by the Card Scheme as proof that the Card was present at the time of the Sale.
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Examples of EMV Transaction in a sentence

  • For example, last month we announced a new solution, an EMV Transaction Accelerator, with plugin components that are inserted before and after an existing payments authorization engine.

  • The Cardholder is allowed to purchase goods and services online via Visa / MasterCard / MyDebit (for EMV Transaction) for so long as there is the equivalent amount of cash balance in the Account-i at the point of Transaction (subject always to such limit as may be determined by RHB Islamic Bank for each Transaction).

  • EMV Transaction is to be made from Easy-Smart Account 1 to enjoy the contributions in Easy- Smart Account 2.

  • Europay, Mastercard, and Visa (EMV) Transaction Compliance ........................................80015.

  • To be eligible to participate in the EAP as a Business Associate, an organisation must have a Direct Business Responsibility for an EMV Transaction at any point in the Transaction Lifecycle.

  • Figure 6: An Example of EMV Transaction Flow [21]The Terminal determines whether it is a chip based EMV card or magnetic stripe card.

  • The Commission may further wish to recommend that the Centre for International Crime Prevention continue, in cooperation with other entities, to develop and carry out projects to prevent youth crime, to strengthen juvenile justice systems and to improve the rehabilitation and treatment of juvenile offenders, and to continue to promote children’s rights through the three global programmes.

  • Merchant details Terminal identificationTime and date of TransactionSystem trace audit number and card type Card descriptionAuthorisation number Card numberType of Card EMV Transaction record number Authorisation numberPurchase amount Total amountResponse EFTPOS receipts may vary between merchant facility providers.

Related to EMV Transaction

  • SPAC Transaction means a transaction or series of related transactions by merger, consolidation, share exchange or otherwise of the Company with a publicly traded “special purpose acquisition company” or its subsidiary (collectively, a “SPAC”), immediately following the consummation of which the common stock or share capital of the SPAC or its successor entity is listed on the Nasdaq Stock Market, the New York Stock Exchange or another exchange or marketplace approved by the Board of Directors, including a majority of the Preferred Directors.

  • Acquisition Transaction means any transaction or series of transactions involving:

  • Reorganization Transaction see clause (d) of the definition of “Change of Control.”

  • Sale Transaction has the meaning set forth in Section 3(a).

  • Excluded Transaction means any transaction in which assets are transferred to: (A) a shareholder of the Company (determined immediately before the asset transfer) in exchange for or with respect to its stock; (B) an entity, fifty percent (50%) or more of the total value or voting power of which is owned, directly or indirectly, by the Company (determined after the asset transfer); (C) a Person, or more than one Person Acting as a Group, that owns, directly or indirectly, fifty percent (50%) or more of the total value or voting power of all the outstanding stock of the Company (determined after the asset transfer); or (D) an entity at least fifty percent (50%) of the total value or voting power of which is owned, directly or indirectly, by a Person described in clause (C) (determined after the asset transfer).

  • Financing Transaction means a transaction in which a licensed provider obtains financing from a financing entity including any secured or unsecured financing, any securitization transaction, or any securities offering which is either registered or exempt from registration under federal and state securities law.

  • Restructuring Transactions means the transactions described in Article IV.B of the Plan.