Tag Archive: credit card chip technology

September 10, 2015

Credit Card Processing Trends: How to Best Adopt Innovation and Evolution

In looking back over the past 10 years, the degree of technological changes and the vast number of new competitors is astounding. A prime example is the way in which debit and credit card transactions occur. Until recently, consumer transactions were completed using a traditional magnetic strip debit or credit card. However, due to Euro Pay, MasterCard, and Visa (EMV®), things have changed. Unlike conventional cards, EMV® cards are designed with an integrated chip that requires a one-time, high-security PIN to be entered opposed to signing. By acknowledging and accepting new technologies and competitors, you have a huge advantage. EMV®...Read more

August 5, 2015

How Much Will EMV® Chip/PIN Technology Cost to Implement?

In Senate hearings on credit card security held this past February, it became very clear that virtually everyone involved in the payment chain is responsible for protecting credit card processing systems. For example, up-to-date security must be provided by credit card issuers and banks. In addition, secure payments need to be properly handled by each credit card processor, payments need to be accepted in a safe manner by merchants, and customers need a way to obtain a new EMV® card. Although the new EMV® chip and PIN system is not currently available throughout the United States as it is in...Read more