A colleague of mine recently wrote this high level summary: http://www.huffingtonpost.com/acm-the-association-for-computing-machinery/emv-credit-card-chips-no-

A colleague of mine recently wrote this high level summary: http://www.huffingtonpost.com/acm-the-association-for-computing-machinery/emv-credit-card-chips-no-_b_8916126.html http://www.huffingtonpost.com/acm-the-association-for-comput... He is a crypto professor and I am sure he can answer your technical questions about how it works. You can find him here: http://wphomes.soic.indiana.edu/samyers/ http://wphomes.soic.indiana.edu/samyers/