EMV Chip and Pin Countdown
The EMV countdown is on. Will your business be ready?
As of October 1, 2015, the US is moving toward the EMV standard as a direct result of the payment networks shifting specific fraud liability to merchants. POSRG has the latest solutions.
EMV chip technology is becoming the global standard for credit card and debit card payments. Named after its original developers (Europay, MasterCard® and Visa®), this smart chip technology features payment instruments (cards, mobile phones, etc.) with embedded microprocessor chips that store and protect cardholder data. This standard has many names worldwide and may also be referred to as chip-and-PIN, chip-and-signature, chip-and-choice, or generally as chip technology.
Today, if an in-store transaction is conducted using a counterfeit or stolen card, consumer losses from that transaction usually fall back on the payment processor or issuing bank. Following an Oct. 1, 2015 deadline, card-present fraud liability will shift to whoever is the least EMV-compliant party in a fraudulent transaction.
POSRG Has You Covered
We are offering new, EMV-compliant VeriFone and Equinox terminals, as well as disposal and key eradication services.