Europay / MasterCard / Visa
If you're a business who accepts credit cards, listen up. As of October 1, 2015, businesses were required to switch to EMV ready terminals. The reason for this migration is to fight against fraud. We're sure you've noticed that almost everyone's cards have chips in them nowadays - start being able to take advantage of the protection they offer.
How Does EMV Work?
EMV cards store payment information in a secure chip, rather than on a magnetic stripe, and the personalization of EMV cards is done using issuer-specific keys. Unlike a magnetic stripe card, it is virtually impossible to create a counterfeit EMV card, which can be used to conduct an EMV payment transaction successfully.
What Are The Benefits?
Protect customer & transaction data
EMV transactions are authenticated during payment to protect against counterfeit cards. They also create unique transaction data, so any captured data cannot be used to execute new transactions.
Reduce the cost of doing business
On October 1, 2015, a shift in liability took place for fraudulent cards if you are not EMV ready. Don't let your business get hit with expensive non-compliant fees simply for not upgrading your terminal.
Reinforce customers' confidence
Customer loyalty is the key to a successful business. Build trust with your customers by ensuring their credit cards don't get compromised.
Stay updated on payment trends
These terminals are equipped with Near Field Communication (NFC) technology which is used in mobile contact-less payments. This allows your customers to be one of the first to use this form of payment, keeping your business ahead of the game.
Countries Who Have Already Adopted EMV
Change happens, but we're here to keep you informed
The EMV deadline has now passed, but don't worry: we are still here every step of the way.