“EMV” Posts

Things to Know Before You Buy Credit Card Readers

Things to Know Before You Buy Credit Card Readers

If there’s one thing to take away from this post, it’s that all credit card reader are not made equally. Despite looking similar, they vary greatly in features, business benefits and cost. Before investing in credit card readers, you should have a thorough understanding of them. Most importantly, you should be aware of the red flags to look for when shopping to ensure you’re purchasing readers that will be a long-term investment for your business. Below, we discuss six things to absolutely avoid when shopping for credit card readers. Credit Card Readers: Red Flags to Look For…

The Future of Card Readers

The Future of Card Readers

Not long ago, businesses were processing credit cards with a carbon copy imprinter. Since then, the payment processing industry has taken major strides in advancing its technology, and it’s only changing quicker these days. The combination of smarter card reader technology and crafty fraud tactics means more shifts in credit card processing equipment for businesses to consider. Here, we outline three trends for businesses to keep in mind as they invest in newer (and more expensive) card readers: Card Readers Must Be EMV Capable By now it's likely you're aware that mag-stripe cards are phasing out and EMV-chip cards…

Why Your EMV Card Reader Should Take Contactless Payments

Why Your EMV Card Reader Should Take Contactless Payments

In 2015, the United States saw a major shift in consumer payment methods from traditional magstripe cards to EMV-chip cards. This transition is referred to as the EMV liability shift. With the majority of U.S. consumers now paying with chip cards, the next wave of technology is about to roll out: contactless payments. In 2017, major card brands started issuing EMV-contactless cards to consumers in anticipation of this upcoming payment-culture change. Businesses processing credit cards should be prepared for this change as more and more consumers opt for EMV contactless payments. Before we jump into the why, let’s…

EMV Certification Explained

EMV Certification Explained

Wondering what all the fuss is about with EMV-certified terminals? Since the liability shift both providers and businesses have scrambled to obtain compliant equipment. Designed to decrease fraud, the EMV terminal reads the unique, one-time code generated when a chip card is inserted. This is a distinct process that requires a separate slot for inserting a chip card compared to the component used for swiping magstripe cards. Ideally, it’s customer facing and can detect when a chip card is swiped, prompting the customer to insert the card instead. Proper EMV processing protects businesses from bank-initiated chargebacks. Simple enough, right?…

7 Traits to Look for in a Smart Terminal

7 Traits to Look for in a Smart Terminal

Ever since the liability shift, Smart Terminals have flooded the U.S. market. With the major selling point being EMV acceptance, many providers benefit as businesses continue to upgrade their merchant credit card processing equipment. However, a truly “smart” terminal goes above and beyond just accepting EMV. Here are seven attributes that make a Smart Terminal, well, smart. Recognition A Smart Terminal should not only accept EMV but should also recognize when a chip card is swiped. The smartest terminals have the ability to read magstripe data, which indicates whether the card supports EMV. When present, the credit card terminal…