From cards to codes

From cards to codes

Early on, the bank accounts were simply recognized by random combinations of unique digits present on the card. However, the EMV technology (Europay, Mastercard, Visa) has gradually picked up and introduced customers with a more computerized and secured mechanism for payment.

The EMV technology is known for using codes that vary every time a transaction takes place. This use of temporary codes enhances the security in the bank accounts by leaps and bounds. This example shows us how codes can shape the way we manage bank account systems.

Read More: How FinTech has impacted banking?

Moreover, the future of plastic cards is bound to be overshadowed by cutting-edge payment services that offer more convenient and seamless methods of money transfer and storage.

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