Discussion
EMV in view of credit card is :
Answer: A
EMV is the standard for chip-based cards.
EMV, named after Europay, Mastercard and Visa, which developed it, is the global technical standard for payment cards with an embedded integrated circuit chip and for the terminals that accept them. The chip generates a unique cryptogram for each transaction, which makes the card far harder to clone than a magnetic-stripe card, whose static data can be skimmed and copied.
Magnetic-stripe cards follow older ISO standards, RAID is a data storage technology unrelated to cards, and there is no 'electrostatic card' standard. In India the RBI required banks to replace magnetic-stripe cards with EMV chip cards by the end of 2018.
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