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Tag Archive: EMV

December 15, 2015

5 Tools Every Merchant Should Be Using

As a merchant, you want to take advantage of different tools, systems, and technologies as a means of staying competitive. After all, the merchants that consumers choose to do business with depends on the overall buying experience. Five Critical Tools Loyalty Program—The reality is that without customers, you have no business. To gain loyal customers who gladly tell others about your store, you need to offer a seamless transaction and high level of professionalism. However, to ensure ongoing satisfaction, consider some type of loyalty program in the form of a monthly drawing, promotional give-away, or punching a card with each...Read more


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


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 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


June 17, 2015

5 Reasons Small Businesses Should Switch to Chip & PIN

Nearly every small business has come to the realization that credit card processing is an essential part of their business. But US businesses have been running behind the rest of the world because for many their credit card processor is designed for traditional credit cards that have a magnetic strip. Consumers swipe the card and data about their account is fed to the merchant they are making a purchase from. While this seems convenient, the simplicity of this method has created numerous security issues. In Europe and Canada, as well as other places, EMV cards (Europay, MasterCard, and VISA) are becoming the...Read more


June 3, 2015

Why Your Small Business MUST have EMV

On October 15, 2015, the world of credit card processing will change forever. This is the date when responsibility for credit card fraud shifts from credit card companies to merchants who do not have EMV. For small businesses, this shift can be catastrophic – unless you invest in the right credit card processor for your business. What is EMV? EMV is a new payment system adopted worldwide that involves inserting microprocessor chips into debit and credit cards so that they are less vulnerable to fraudulent transactions. While the technology isn’t new, it is widely used in other countries and has...Read more

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