Card Design Detail

Question 1

What is EMV

Answer 1

Security standard for payment cards and terminals that uses chip to store cardholder data instead of magnetic strip.
(Europay, MasterCard, and Visa)

Question 2

Payments that generally cannot be done offline…

Answer 2

1. Digital Wallet Payments (Apple pay)
2. Gift Card redemptions
3. Loyalty program redemptions
4. Payments requiring real time online verification

Question 3

What is NFC

Answer 3

Near Field Communication

Question 4

What is MII of a card?

Answer 4

1st Digit of a Card
Major Industry Identifier
The industry that issued the card

Question 5

What are the First 6 Digits of a card called?

Answer 5

IIN/BIN
Issuer/Bank Identification Number

Question 6

What is the A/C Number of a card?

Answer 6

9 digits unique number allocated to customer by issuer

Question 7

What is a Check Digit of a card?

Answer 7

Last digit of a card

Question 8

What industry does the MII number 4 represent?

Answer 8

Visa Cards, which are primarily issued by banks

Question 9

What industry does the MII number 3 represent?

Answer 9

American Express and Diners Club cards, which are primarily issued by travel and entertainment companies

Question 10

What does IEC stand for?

Answer 10

International Electronic Commission

Question 11

What does ISO stand for?

Answer 11

International Organization for Standardization

Question 12

ISO/IEC 7813

Answer 12

A set of rules for credit and debit cards. It makes sure all cards are the same size and have the same important information, like your name and card number.

Question 13

ISO/IEC 7816

Answer 13

Is a set of rules explaining how a chip should be designed, how it stores information, and how it communicates with devices like ATMs, card readers, or computers.

Question 14

ISO/IEC 14443

Answer 14

Is a set of rules for Contactless cards.