An EMV card is a type of payment card that uses a microchip to enhance security during transactions. The acronym EMV stands for Europay, Mastercard, and Visa, the companies that developed this standard. EMV cards are designed to reduce fraud by generating a unique transaction code for each purchase, making it difficult for counterfeiters to replicate. These cards can be used at point-of-sale terminals that support chip technology. When making a purchase, users either insert the card into the terminal or tap it if it has contactless capabilities. This technology is widely adopted around the world, improving the safety of electronic payments.