EMV

Credit Card Machine and POS System

Differences Between a Credit Card Machine and POS System

Starting out, many new business owners may feel baffled by a huge list of technologies and terms, especially in the payment industry, such as POS systems, credit card terminals, credit card processing, and so more. Many startups may feel confused when selecting the right device or technology for handling their day-to-day transactions and sales. Today […]

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Upgrade to EMV

Europay, Mastercard, and Visa (EMV) chip card technology isn’t just a fad: it’s the future. More than 60% of credit cards issued in the United States today are EMV-enabled and old ATM cards are even being discontinued in favor of more secure chip technology. EMV-enabled debit and credit cards have computer chips that offer far

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The End of Required Credit Card Signatures

In April, credit card signatures will become a thing of the past. American Express, Discover, Visa, and Mastercard have all announced they will end the signature requirement for in-store credit card machine purchases. For Discover, Mastercard, and American Express, the end date was April 13. Visa will end the signature requirement later in the month.

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Avoid EMV Non-Compliance Fees

Some credit card processing companies are now charging “EMV non-compliance fees”.  For those who don’t know, the acronym EMV refers to the technology embedded in what are commonly called chip cards. Developed originally to increase security for customers when making a “card present” payment at a retailer, the date for merchants to install a chip-enabled credit

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Retail isn’t Dying, it’s Evolving

The Retail Industry is Far from Dead For all the talk about how e-commerce has advanced to the point that online shopping has obliterated the brick-and-mortar experience, the evidence cited in this regard is tenuous at best. Those who believe that e-commerce will make shopping mall disappear will often mention the meteoric rise of Amazon

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American EMV Adoption Marks One Year

Just over 12 months have gone by since the merchant services and credit card processing industry in the United States faced the historical EMV liability shift. October 1, 2015 was the big day. Switching to the Europay, MasterCard and Visa (EMV) system has been a major responsibility in terms of installing terminals and educating shoppers

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Verifone CEO Comments on the Future of Payments

Ever since its beginnings in the 1980s, Verifone has been known as a major global provider of point-of-sale (POS) technology and innovative solutions for the merchant payments industry. After three decades of being a dominant market player, Verifone is more than just a provider of credit card terminals; the company is seen as a respected

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Fraud Costs Cut in Half Since the Introduction of EMV

Great news for the credit card processing industry: Just one year into the shift towards the Europay, MasterCard and Visa (EMV) system in the United States, and counterfeit fraud costs have been slashed by just over 50%. According to a report issued by credit card giant MasterCard in mid-September, counterfeit fraud costs are being sharply

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FitPay

FitPay: A Truly Wearable Payment Option

In the fragmented world of mobile payments, one company is taking advantage of unifying existing technologies for the benefit of shoppers. FitPay is a California company that was envisioned by veterans of the mobile payments industry. This innovative tech firm has paid close attention to shoppers who have been largely underwhelmed by “contactless” mobile payments

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Chip Card Checkout

Speeding up Chip Card Checkout Times with Visa

Over the last couple of years, more retailers and providers of merchant services in the United States have been settling into the new Europay, MasterCard and Visa (EMV) credit card processing system. As EMV acceptance expands, business owners will start to see more technology upgrades offered by through their merchant services providers. One current quirk

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Data Breach at Wendy’s Expands to Over 1000 Locations

Data security issues at Wendy’s have now been super-sized. Following whispers of a data breach in January, Wendy’s finally confirmed payment security issues in May, when spokesmen admitted fewer than 300 stores had been affected by malware. Now, the company admits the real number of compromised restaurants is over 1,000. Thieves installed malware on POS

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Visa and MasterCard Sued by Home Depot over Chip Card Security

Around the world, 80 countries have added EMV chips to their credit cards. These chip cards are more secure than credit cards with only a magnetic strip and have helped to reduce credit card fraud in many places. As a result, these cards are now being introduced in the United States. Many retailers, however, are

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Signs Its Time To Upgrade

5 Signs Its Time To Upgrade [2023 Update]

If you’re still using computers and other hardware from a decade ago, it’s probably time for an upgrade. The technology of today is significantly more powerful and efficient than what was available 10 years ago, so upgrading your equipment can help make sure you keep up with the times. Signs Its Time To Upgrade Here

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