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EMV Module 1: A beginner's guide to chip card transactions
Rating: 4.5 out of 5(3,440 ratings)
7,361 students

EMV Module 1: A beginner's guide to chip card transactions

A course for everyone - technical and managerial staff. All it takes is basic IT knowledge
Created byHerve Zenner
Last updated 10/2018
English
ArabicEnglish

What you'll learn

  • Understand the big picture of card payment
  • Understand how a chip card works
  • Understand how a payment terminal works

Course content

3 sections • 11 lectures • 56m total length

  • The actors6:02

    Identify the five actors in a chip card transaction: cardholder, merchant, acquirer, payment network, and issuer. Explain how the acquirer, network, and BIN route payments globally.

  • Transaction stages4:37

    Identify and explain the three payment transaction life-cycle stages—authorisation, clearing, and settlement—and trace how an authorisation travels from cardholder to issuer via the network and acquirer to the merchant.

  • Complexity of chip-based transactions5:38

    Compare magstripe and chip-based transactions, showing how static data enables cloning and replay, while chip-based cards use dynamic data, risk assessment, offline and online approvals, and strong cryptography.

  • Cryptography6:37

    Explore how cryptography builds trust in EMV transactions by protecting data, creating a chain of trust between card, terminal, issuer, and network, using symmetric and asymmetric keys.

  • Specifications4:43

    Trace the document specifications behind chip card transactions, from ISO 7816 to EMV level 1 and level 2. See how EMV books and vendor programs shape network interoperability.

  • Section 1 Quiz

Requirements

  • No prerequisites

Description

Begin your journey into the exciting world of EMV with the 1st module of our flagship course 'Fast track to EMV transaction expertise", and learn how payment chip cards and terminals work. 


EMV Module 1 is a high-level course that paints the big picture of card payment and teaches how chip cards and payment terminals work.

This 1st module is not very technical, and can be taken by anyone who wants to start a journey towards EMV transaction expertise.


The EMV Module 1 course starts with the big picture: the non-technical, high-level information. Then students look at how a chip card works and at how a payment terminal works, because it is important to understand how they interact. 

Who this course is for:

  • Anyone interested in understanding how EMV transactions work

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