Which of the following methods of financial transactions is considered the most secure?
A)Europay MasterCard Visa transaction
B)Magnetic stripe transaction
C)Near Field Communication transaction
D)payWave transaction

Question

Quizplus · Accepted Answer

Europay MasterCard Visa (EMV) transactions are considered the most secure because they use chip technology instead of magnetic stripes, which makes it more difficult for criminals to copy or steal card information. Additionally, EMV transactions require a PIN, whereas magnetic stripe transactions may only require a signature, making it easier for someone to fraudulently use a stolen card. Near Field Communication (NFC) and payWave transactions are contactless, but still rely on the same chip technology as EMV transactions for security.

Which of the Following Methods of Financial Transactions Is Considered