“EMV” Posts

Are EMV Chip Readers Mandatory?

Are EMV Chip Readers Mandatory?

In the wake of the liability shift, many businesses that process credit cards and providers in the payments space scrambled to become EMV compliant. Since the introduction of EMV chip readers, there has been much back and forth on whether EMV chip readers are mandatory and whether they have any implications for certain parties. Below, we set the record straight for those still confused about EMV chip readers and their related requirements. EMV Chip Readers and Businesses Businesses that process credit or debit card transactions are not legally required to have a functioning EMV card reader in their store. So,…

4 Interesting Payment Processing Solution Trends

4 Interesting Payment Processing Solution Trends

We’ve come a long way since the day when payment options came down to the simple question of “cash or charge.” Whether your business is brick and mortar or online, there are numerous forces shaping your options for payment processing, from changing consumer preferences to new technologies. Trends for payment processing are evolving, and staying on top of the industry is important for providing secure, convenient customer experiences that also reduce your own business risks. Here are four interesting payment processing solutions to watch that can help you deliver simpler, faster and more seamless payment experiences that align with…

5 Best Credit Card Machine Features to Meet Your Needs

5 Best Credit Card Machine Features to Meet Your Needs

With so many credit card machines on the market, choosing an option that will work best for your needs may seem like a tough task. From security features that reduce the risk of fraud and costly chargebacks to Smart Terminals that accept a variety of payment types and may be more environmentally friendly to boot, there’s a lot for businesses to sort through to find the best credit card machine. Depending on what you’re looking for, here are the five best credit card machine features to meet your needs. Reduce Lengthy Checkout Times At Your Register Look For…

Credit Card Fraud in America Today

Credit Card Fraud in America Today

According to the most recent Nilson Report, $24.26 billion is lost worldwide to credit card fraud on an annual basis, which is comparable to the Gross Domestic Product of nations such as Iceland and El Salvador. As alarming as these numbers may be, it is important to take an even closer look at the state of credit card fraud in America today. As the leading country in the world for credit card fraud, 38.6 percent of those losses were reported in the United States, amounting to $9.36 billion a year. The Importance of Understanding Credit Card Fraud…

Why EMV Fallback Is a Risk for Your Business

Why EMV Fallback Is a Risk for Your Business

Let’s paint two seemingly harmless scenarios for you. A customer comes into your business and attempts to pay for a purchase with an EMV chip card. The transaction fails despite your terminal being EMV certified, so you decide to proceed by allowing the customer to swipe his chip card. The transaction can’t be processed properly because your EMV terminal isn’t certified to process EMV transactions or doesn’t have an EMV slot. You work around this by asking the customer to swipe the chip card instead. Great, you got paid! However, both of these examples illustrate an…