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    The document provides an overview of the differences between magnetic stripe cards and chip cards, the basic stages of an EMV transaction, and the ISO 8583 message format for financial transactions. It notes that chip cards contain dynamic data protected by cryptography compared to static data on magnetic stripe cards. The transaction stages are authorization, clearing, and settlement. ISO 8583 defines the international standard message format used for electronic payment transactions, which includes different versions and specifies the structure of transaction messages.

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    210501 Slide Personal

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    The document provides an overview of the differences between magnetic stripe cards and chip cards, the basic stages of an EMV transaction, and the ISO 8583 message format for financial transactions. It notes that chip cards contain dynamic data protected by cryptography compared to static data on magnetic stripe cards. The transaction stages are authorization, clearing, and settlement. ISO 8583 defines the international standard message format used for electronic payment transactions, which includes different versions and specifies the structure of transaction messages.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    1 views10 pages

    Slide Personal

    Uploaded by

    homarox
    The document provides an overview of the differences between magnetic stripe cards and chip cards, the basic stages of an EMV transaction, and the ISO 8583 message format for financial transactions. It notes that chip cards contain dynamic data protected by cryptography compared to static data on magnetic stripe cards. The transaction stages are authorization, clearing, and settlement. ISO 8583 defines the international standard message format used for electronic payment transactions, which includes different versions and specifies the structure of transaction messages.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
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    Date Version
    21/05/04 1.0 – Initials
    Contents
    I. Magnet vs Chip Card
    II. Transaction basic stages
    III. ISO 8583 Message format
    IV. Cryptography in EMV transaction (Chip-card / Contactless EMV
    mode)
    I. Magnet vs Chip Card

    • Static data when using magstripe transaction: • Dynamic data with every transaction
    - Card number PAN • Strong cryptography protects and can be updated
    - Cardholder name by issuers with secret keys.
    - Expiry date • Can run several applications.
    - Service code • Much more complex in transaction process.
    • Information is protected with 3-digit checksum
    CVC, CVV, or CID.
    => Information easily copied
    II. Transaction basic stages
    • Authorization

    • Clearing

    • Settlement
    III. ISO 8583 Message format
    • ISO 8583 is an international standard for financial transaction card
    originated interchange messaging. It is the International Organization for
    Standardization standard for systems that exchange electronic
    transactions initiated by cardholders using payment cards.

    • Come in 3 version: 1987, 1993, 2003


    III. ISO 8583 Message format
    • Message format
    III. ISO 8583 Message format
    • Message format
    III. ISO 8583 Message format
    • Message format
    III. ISO 8583 Message format
    • Message format

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