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EMV Application Version Number on card and terminal

Online & Authorization

Application Version Number

The Application Version Number is the version number of the application on the card. For example, the Visa VSDC application version number is 131, and the Mastercard M/Chip Lite version number is 2.

Stand-in authorization flow diagram

Credit Card

What is Stand-In Authorization?

In the standard authorization flow, the transaction is initiated by the acquirer (POS bank) and forwarded to the issuer (card-issuing institution). The process is completed once the issuer responds. However, this isn't always possible; when the issuer fails to respond, BKM steps in...

Biometric credit card with a fingerprint sensor

Credit Card

What is a biometric credit card?

Technology continues to make our lives easier and more secure. Old ID cards were just laminated paper; new ones became personalized and secure with biometric photos added alongside chip data.