- 08 Oct 2007
EMV Credit Card Certification
Credit card fraud has become a major issue for financial institutions. To reduce this fraud, a new worldwide standard has been introduced by Eurocard/MasterCard and Visa (EMV). The EMV standard uses smart card technology for both card and card holder authentication, rather than magnetic stripe technology with virtually no authentication. The certification process around this new standard however is a very time consuming task that causes major problems for payment service providers that process credit card payments. The main reason for the cumbersome certification process is that the whole chain of components must be certified for each implementation, where in the past certification of the comprising components was sufficient. The goals of the research are to investigate in depth the EMV certification process in general and the testing of individual components compared to the certification of the chain of these components specifically. This Thesis presents the research of the EMV certification process, and how this time consuming process can be optimized. The EMV certification process has a very low path coverage. To improve this, research is performed to improve this coverage through better unit testing, and through better integration coverage. With the proposed improvements the EMV certification will have a better path coverage. Also other improvements for the certification process are proposed which should lead to a faster certification process. For some changes, further research is needed.