Security failures in EMV smart card payment systems

Ahmad, Zubair and M.Khedher, Akram M. Zeki and Olowolayemo, Akeem (2016) Security failures in EMV smart card payment systems. In: 6th International Conference on Information and Communication Technology for the Muslim World (ICT4M 2016), 22nd-24th November 2016, Jakarta, Indonesia.

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Abstract

New credit cards containing Europay, MasterCard and Visa (EMV) chips for enhanced security used in-store purchases rather than online purchases have been adopted considerably. EMV supposedly protects the payment cards in such a way that the computer chip in a card referred to as chip-and-pin cards generate a unique one time code each time the card is used. The one time code is designed such that if it is copied or stolen from the merchant system or from the system terminal cannot be used to create a counterfeit copy of that card or counterfeit chip of the transaction. However, in spite of this design, EMV technology is not entirely foolproof from failure. In this paper we discuss the issues, failures and fraudulent cases associated with EMV Chip-And-Card technology.

Item Type:	Conference or Workshop Item (Plenary Papers)
Additional Information:	6153/54197
Uncontrolled Keywords:	Chip and PIN; card fraud; card security; protocol failure, card authentication
Subjects:	T Technology > T Technology (General)
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Information and Communication Technology Kulliyyah of Information and Communication Technology
Depositing User:	Akram M Zeki
Date Deposited:	13 Mar 2017 10:47
Last Modified:	15 Jun 2017 10:26
URI:	http://irep.iium.edu.my/id/eprint/54197

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