How security for card transactions is achieved by EAPS

EMV

EAPS adheres to the EMV standard as stated in the SEPA Card Framework. All newly issued cards will therefore support with Chip and PIN.

Fraud

As cards which do not carry a magnetic stripe are less likely to be targeted by fraudsters, EAPS does not mandate magnetic stripes for newly issued cards, enabling Issuers to reduce their fraud levels.

Certification and Approval

All components of a card transaction which take part in the EAPS will require certification for interoperability and security. EAPS will provide the best quality in card payments and the highest security solutions.

Payment Guarantee

EAPS Rules provide a payment guarantee to the merchant. Once a transaction is authorised, merchants profit from the guarantee.