EMV compliance states that a point-of-sale layout can accept EMV-compatible credit cards. The business also has a reader for handling EMV cards. If a customer enters a store and inserts their credit card into a machine slot, that store complies with EMV rules. The store at issue is probably not EMV compliant if it can […]
Guide to EMV Compliance Read More »
People are using contactless payment methods more than ever. While the move towards contactless payments had started before the global pandemic, the issue has hastened this shift. People are more willing to complete these payments because they know they are safer to follow. But there’s also the benefit of how easy it is to complete
6 Contactless Payment Methods For Your Vet Clinic Checkout [2023 Update] Read More »
ACI Worldwide reports that most major American fuel merchants do not meet EMV standards for their automated fuel dispensers or AFDs. The issue comes as the EMV deadline had already been pushed back by a few years. Some groups representing the fuel merchant industry are asking that the EMV deadline be pushed back once more.
Less Than Half of Major Fuel Merchants Meet Extended EMV Deadline Read More »
What’s the first word that comes to mind when you think of credit cards? If it’s fraud, you’re onto something. Hacking and identity theft are at all-time highs, especially during the pandemic. As a merchant, it’s your job to minimize the risk for your consumers in order to stay in business. One of the best
The Top Reasons You Should Switch to EMV [2023 Update] Read More »
More than 100,000 restaurants have closed since the start of the pandemic and as many as 40% of restaurant owners don’t think their restaurant will make it through the winter if things continue the way they are going according to the National Restaurant Association. The pandemic isn’t just affecting independent restaurants either. Chain restaurants are
Restaurants Feeling the Negative Effects of the Pandemic as Winter Approaches Read More »
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
American EMV Adoption Marks One Year Read More »
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
Fraud Costs Cut in Half Since the Introduction of EMV Read More »
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
FitPay: A Truly Wearable Payment Option Read More »
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
Speeding up Chip Card Checkout Times with Visa Read More »
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
Data Breach at Wendy’s Expands to Over 1000 Locations Read More »
The transition to chip cards, or EMV (Europay, MasterCard and Visa chip technology) hasn’t been an easy one for merchants to adopt. In order to ensure that they are compliant with new rules, merchants have had to upgrade credit card processing systems in order to accept the new chip cards. Failure to do so leaves
Amex Changes EMV Chargeback Policy Read More »
Credit card processors and merchants in the U.S. are starting to experience the true implications of the enormous switch to the EMV system, which stands for Europay, MasterCard and Visa. In the wake of several terrible data breaches by hackers who went after major retailers such as Target and Home Depot, the payments industry has
Visa’s Take on EMV Liability & Chargebacks Read More »
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
Visa and MasterCard Sued by Home Depot over Chip Card Security Read More »
While plans are being initiated that will reduce credit card fraud, it appears the problem is going to get worse before it gets better. Credit card issuers are rushing to send new EMV enabled cards to their customers. These cards, also known as chip cards, contain technology that makes credit card theft much more difficult.
Hackers Rush to Cash In Before Chip Cards Take Over Read More »
Following up on our recent blog about terminal of the future, the VX 520, today we’re going to let the other shoe drop. With the payment processing industry thrusting its spotlight onto security in the wake of the Target Data Breach, the PCI DSS and its upgraded protocols are getting a lot of attention. Host
Terminal Retirements Read More »
The massive data breach at Target is a big shining beacon illuminating exactly how behind the times the United States remains when it comes to credit card security — namely EMV® chip technology. EMV is a worldwide standard for credit and debit card payments based around the use of chip card technology. The acronym stands for Europay, MasterCard,
Can Chip Cards Stop the Hax? [2023 Update] Read More »
Just a few days ago we gave a brief overview of what EMV chip card technology is. With the payment technology firmly in place in almost every other region than the U.S. the only next step is to bring it stateside. Today news was released that the very first EMV enabled ATM machines are operational
First EMV ATMs to Go Live in the U.S. Read More »
EMV® is a worldwide standard for credit and debit card payments based around the use of chip card technology. The acronym stands for Europay, MasterCard, and Visa, who collaborated to create the technology. The goal of this project was to create a card that worked based off of a microprocessor chip that is read by
What is EMV Chip Card Technology? Read More »