EMV
Europay, MasterCard, and Visa
Example
You can insert the card instead of swiping it if it is EMV
EMV definition by Slang.net
This page explains what the acronym "EMV" means. The definition, example, and related terms listed above have been written and compiled by the Slang.net team.
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EMV is an acronym that stands for Europay, MasterCard, and Visa, which are the three companies that came up with the smart payment card standard. EMV is more commonly known as chip cards or smart cards.
EMV store data on integrated circuits and also include magnetic strips for older devices that do not offer a chip reader. These cards are typically inserted into a device to be read and require a PIN. The main purpose of EMV was to increase security of transactions.