EMV payment training and consultancy company? Wondering what all the fuss is about with EMV-certified terminals? Since the liability shift both providers and businesses have scrambled to obtain compliant equipment. Designed to decrease fraud, the EMV terminal reads the unique, one-time code generated when a chip card is inserted. This is a distinct process that requires a separate slot for inserting a chip card compared to the component used for swiping magstripe cards.
EMV cards are either inserted into the terminal slot, known as “card dipping,” or they can be contactless using near field communication (NFC) to transfer data by merely tapping the card on the terminal. Cards may also support both methods. See NFC.
In the United States, at the end of 2014, only 0.12% of transactions were EMV chip-based, however this is expected to rapidly increase as the U.S. undergoes EMV Migration. the EMV transition started to accelerate in 2015 and is continuing apace in the first half of 2016.
Our experts have the EMV payment experience and knowledge to contribute specific EMV payment guidance for your role and your crucial priorities, delivered in high-touch, one-to-one consultative cooperations. You’ll take away the knowledge and the skills you need to implement them in your payment environment. We help you create an EMV payment roadmap to success for your mission-critical priorities with our payment industry-specific best practices. Discover even more info at EMV payment services.