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Tag Archive: EMV technology

October 21, 2015

How Working with Chosen Payments Can Benefit Your Business

As a Chosen Payments merchant, you will have access to a wealth of information and superior services. If you choose us for your credit card processor, you can have 100% assurance that everyone at Chosen Payments will go the distance to keep you satisfied and your business secure. Available Services Specific to credit card processing, we offer a comprehensive list of services, including: ACH Transaction Processing Merchant Cash Advance and Loans Social Media Marketing Mobile Application Point of Sale (POS) Integration Software Integration Regardless of which credit card processing service you need most, we provide only the best. Credit Card...Read more


August 12, 2015

How Do EMV® Solutions Help Americans? Number 3 May Surprise You

For many years now, debit and credit cards in the United States have been swiped thanks to the magnetic strips on their backs. But what many credit card companies and merchants didn’t realize was that this method opened consumers up to fraudulent charges on their credit cards and bank accounts due to minimal security features. As companies struggled to find solutions, 63% of merchants also dealt with credit card data breaches with their chip-and-pin machines by adding more security or plan to soon. As a result, more credit cards now feature EMV® solutions that do away with the magnetic strips...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


July 15, 2015

EMV® Credit Card Chips: What’s On the Horizon and What You Need to Know Now

Over time, credit cards have undergone tremendous change, and even bigger changes are coming. For businesses with a lot of walk-in traffic, the way in which a physical card is swiped will be different. Using a new technology in the form of a credit card chip, payments will be easier and safer for consumers and merchants alike. Improved Protection One of the key benefits to credit card chips is the dramatic reduction of real data being stolen from magnetic strips located on the back of credit cards. Sophisticated criminals have the know-how and equipment needed to capture information and create...Read more


June 24, 2015

Preparing for EMV Technology

President Obama has recently set some new rules in motion for small businesses. Small businesses must now comply with EMV requirements to avoid having to pay fines. EMV technology consists of credit cards that have microchip technology inside of them. EMV is an acronym that stands for Europay, MasterCard and Visa. The microchip technology prevents fraud from occurring. The microchip carries crucial identifying data about the cardholder, and it stores such data on its circuits instead of storing it on a magnetic stripe material. EMV chip technology has many benefits for businesses. First, it saves time and money for business...Read more