
EMV Terminal
Have you ever heard the term EMV terminal before? It’s not a trick question, and don’t feel bad if your answer is “no.” Simply put, it’s a credit card processing machine for our new, more secure EMV credit and debit cards. EMV is the label of a new form of payment system. It’s new, in the United States anyway, as of about 2015. All other major markets in the world have been using this system for several years now. Another name for this payment system you may have heard is “smart card” or “chip and PIN card.” This system is very similar to our credit card processing ways we know and love here in the States, with a couple of minor differences…- It’s more secure (discussed below)
- Instead of a quick swipe of the card through the reader, now you insert it (or “dip” it) and wait a few seconds.