No. Apart from the terminal data, contactless limits can also be managed from the chip data.
The following fields in the terminal data:
- Contactless Transaction Floor Limit,
- Contactless Transaction CVM Limit,
- Contactless Transaction Maximum Limit, also exist in a similar form in the chip data.
In addition to the fields above, the terminal data also has a “Use Merchant Contactless Limits” field. If this field is enabled, the limits in the terminal data are applied; if it is disabled, the limits in the chip data are applied.
POS applications also have screens where you can see, as a report, whether both the terminal data and the chip data have been downloaded to the POS correctly.
To understand CVM, I recommend reading Cardholder Verification in EMV (CVM) – Arif ÜNAL (arifunal.com).
To understand the floor limit, I recommend reading What Is a Floor Limit? – Arif ÜNAL (arifunal.com).
