What is EMV?
EMV is a method of accepting payments the involves a chip in the card presented at the time of purchase. It was created by Europay, MasterCard, and Visa (EMV) in response to vulnerabilities identified in Europe’s payment system. EMV has recently been mandated as required for all issuers in the US in 2013, and all merchants in 2015. Merchants need to be able to accept an EMV card at the POS in 2015 or accept 100% liability for the transaction. That means if its fraud, disputed, or charged back the merchant is liable for the...
read moreWhat does your business need to do to be ready for NFC?
Mobile payments via Near Field Communication (NFC) has been a very popular topic in the processing world recently. Many groups feel adoption will be fast, but it definitely will not be here tomorrow. The question on most business’ minds is “What do they need to do to be ready for NFC?” No business ever wants to lose a sale because they can’t accept a payment, but it’s not likely that next week customers will be waiving a phone at you wondering why you are not smiling and handing them their purchase. Many...
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