Glossary

PBOC

The PBOC (People's Bank of China) standard was derived on the back of the EMV96 standard and became the standard for financial smart cards in China, becoming known by industry insiders as the PBOC 1.0

EMV

The EMV smart card payment standard was ratified by the world's three largest banking card issuers; Europay (acquired by MasterCard), VISA and MasterCard. The purpose was to create a unified financial payment interface standard between payment cards and

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