• The KIPS Transactions:PartA
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• v.9A no.4
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• pp.429-440
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• 2002

Smartcard is a kind of computing device with it's own processor and memory Thus, the international money market is going to accomodate the use of smartcards instead of traditional magnetic cards for the future money market. EMV is a standard protocol for smartcards, proposed by Europay, Mastercard, and Visa, which are three famous international settlement organizations. This paper presents the implementation of EMV specifications for the smartcard terminals for supporting various application programs. This paper shows that the implemented EMV terminal passes the international approval tests.