Posts Tagged emv
The deadline for businesses to transition to EMV chip and PIN technology was October 1, 2015. It has been over a year and many merchants and consumers still have questions. To help understand this confusing technology and what it all means, here are ten facts to help you with EMV requirements and your responsibilities.
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Even with all the talk about EMV in the news and around the internet, some people are still confused by the technology.
This is a nice video to answer some of the questions people may still have.
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Posted in: Knowledge
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Are the new Master Card and Visa quick chip EMV software releases actually going to speed up total transaction time at check out? Or is it just smoke and mirrors to make it appear transactions are quicker? The updates are designed to reduce time EMV cards have to say in chip readers, but preliminary signs show total transaction time is not speed up.
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The days of doing things the “same old way” are ending for many businesses. The credit card payment industry is no exception. Emerging technologies are forcing companies to rethink future program development. Currently, EMV security requirements are having an immediate and drastic impact. A changing playing field means everyone must become out of the box, forward thinking visionaries. Their future or lack of a future depends upon adopting new mindsets in the industry.
In this recent article from pymnts.com, Henry Helgeson, the co-founder and CEO of our parent company Cayan was interviewed. He discussed the changing landscape of the point of sale (POS) industry: (more…)
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If it’s not clear by now, EMV has emerged as a mainstay technology. But in doing so, many feel it has increased the time it takes to process a transaction. Speeding up EMV transactions has been a huge topic of conversation with clients. We hear all the time that EMV terminals are too slow. It’s frustrating for merchants focussed on speeding up the checkout process. (more…)
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Many merchants have been dealing with an unexpected increase in EMV card chargebacks. Most merchants knew of the approaching shift in liability leading up to October 2015. Since then, financial responsibility has moved from issuing banks to the shoulders of merchants. Those merchants must adopt specific technology or risk being held responsible for fraudulent charges. Much of which the banks were absorbing before. Even well prepared merchants have seen an unexpected rise in chargebacks. (more…)
Posted in: Fraud Prevention, Technology
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