!!! Overview
[{$pagename}] (000001b): This is a cost effective [Cardholder Verification Method] which is specific for [chip Card] products. 

The terminal captures the PIN from the user and sends it in clear to the chip card. The chip compares the value received with a witness value stored in its permanent memory since the personalization stage. 

[Card Issuers] that do not consider the threat of eavesdropping on the interface terminal-card prefer this method to on-line enciphered PIN since implementing it is cheaper and it allows the off-line completion of an EMV ¢ transaction at an unattended terminal. The terminal implementing this CVM has to be equipped with an off-line PIN pad, which is a tamper resistant device such that capturing the PIN of the cardholder on the interface card-terminal is difficult.


!! More Information
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