EMV® chip card technology, often referred to as chip and PIN, has quickly become the global standard for credit and debit transactions. In the U.S., a growing number of consumers are choosing to use EMV® cards because of their ability to prevent identity theft, credit card fraud and a number of other problems that can take place during the payment process.
How does it work?
Instead of the magnetic strip seen on most credit and debit cards, EMV® cards come equipped with a small chip that is encrypted with the consumer’s data. By using a card that contains a chip rather than a magnetic strip, consumers’ sensitive financial information is protected within a powerful security framework that requires a sales terminal to perform several complex steps in payment processing, including cryptographic authentication. This helps validate the card’s authenticity, as well as that of the cardholder.
For businesses just like yours, being able to process EMV® payments requires you to have the proper terminal to handle these highly complex payment processing steps. Trying to add EMV® capabilities to existing payment applications is often far from simple.
What does Chosen Payments offer?
Chosen Payments is one of the leading providers of EMV® solutions for merchants of all types and sizes. No matter what payment solution your business or enterprise uses, you can be confident that Chosen Payments will make the transition to EMV® as seamless and stress-free as possible.
With plenty of experiences in helping merchants adopt EMV® payment processing technologies, you can be confident your enterprise will be in good hands when choosing Chosen Payments.
To learn more about Chosen Payments’ state-of-the-art EMV® solutions, feel free to call us toll-free at 855-4-CHOSEN or use the form at the bottom of the page and a Chosen Payments EMV® specialist will be in touch.