EMV

Effective October 1, 2015, your business could be held liable if it accepts fraudulent credit card transactions on a non-EMV -enabled terminal. The United States is transitioning to EMV “smart card” credit cards because embedded EMV™ chips secure customers’ data better than the traditional magnetic strip.  This liability shift means that every business should make having EMV™-enabled terminals a top priority this year.

 

Smart card adoption in the U.S., which is necessary for the implementation of a standard like EMV, requires a thorough understanding of chip-based payment enablement. Merchants should start considering how EMV technology implementation would affect their businesses, and look into options for accepting chip-based credit and debit cards.

 

 

Let CPS help you:

 

  • Accept cards with embedded computer chips that interact with an EMV-enabled point-of-sale terminal to validate the card

 

  • Accept contactless and mobile payments using EMV technology

 

  • Use a single EMV-enabled POS terminal for all transactions

 

  • Mitigate fraud risks through EMV conversion

 

  • Provide you with tools to assess what a smart card payment enablement plan would look like for upgrading all consumer-facing POS devices

 

  • Have a comprehensive payments security plan to identify ways you can reduce fraud and data theft risks

 

 

Let's work together to make sure that you are protected.

You Are Not Alone

 

EMV payment systems and credit cards save time and make it much easier to combat fraud, such as:

  • Employee theft

    • The card remains in the cardholder’s possession at all times

 

  • Tip fraud

    • The cardholder adds the tip directly on the device, eliminating back-office adjustments

 

  • Card skimming fraud

    • Chip embedded protection

 

  • EMV  card acceptance reduces chargebacks for merchants

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Plantation, FL 33324

1-800-719-8223

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