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Credit Card Glossary: Terms and Definitions

Confused by credit card terms? CreditCards.com's glossary of credit card definitions will help. From account holder to Regulation Z, we have defined the most-common and most-confusing credit card terms.


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EMV card
An EMV card, also called a chip-and-PIN card or smart card, contains a special computer chip to store card account data. Unlike magnetic-stripe cards, every time an EMV card is used for payment, the chip creates a unique transaction code that cannot be reused, thus stymying counterfeit card fraud. The initials EMV stand for Europay, MasterCard and Visa -- the three processing firms that in 2002 first agreed to the standards. EMV cards are widespread in Europe and other parts of the world, and are being rolled out in the U.S.