Payments Specialist Interview Questions and Answers

The EMV flow typically consists of six steps.

• 1. Card insertion into the terminal.

• 2. Terminal reads the card data and sends it to the issuer for verification.

• 3. Issuer authenticates the transaction and sends back an authorization response.

• 4. Terminal prompts for cardholder verification (PIN or signature).

• 5. Cardholder verification is completed.

• 6. Transaction is approved or declined.