US-based provider of payment services I Love Velvet has been granted EMV2 certification which authorizes PIN and integrated chip (IC) payments from debit, credit and smart cards worldwide.

For transactions in the US, PIN entry data is made using a magnetic strip or the contactless method. In Europe, card holders use IC which is a chip embedded in the card that holds the card owner’s information and data.

I Love Velvet was founded in 2010. Its customers come from different sectors including the payment sector, hospitality, telecommunications, health care, fashion and travel.