Monthly Archives: January 2015

Which EMV Solution is Right for You?

We’ve talked about the security benefits that EMV technology offers, as well as the shift in liability you could assume by not adopting EMV.

Now, in this two-part series, we’d like to tell you a little more about our two favorite EMV product options to help you make the best decision for your business and your customers.

VeriFone VX 520: Fast, Reliable, and Secure VeriFone VX520

The Verifone VX 520 is EMV and NFC ready, and is a great all around terminal.   It’s attractive, easy to use, and has the flexibility and capacity to handle any environment, as well as gift cards and multiple merchant IDs.

– Lisa Velasquez, Atlantic Merchant Services Operations Manager

Why We Like It

  • It adheres to the highest security standards – including EMV – to maximize fraud protection.
  • Incorporating built-in Near Field Communication technology, it allows you to accept the latest alternative payment methods.
  • With the industry’s fastest processor, it handles encryption, decryption, and processing almost instantaneously.
  • A full range of connectivity options – from dial to Ethernet to GPRS – gives you the flexibility to do business anywhere.
  • Its small footprint and back communication panel keep cords under control and countertops uncluttered.
  • The durable interface is built to handle over one-million transactions.

Want to Know More?

Download the VeriFone VX520 Fact Sheet

Or watch this quick video overview:

What’s Next?

We’re offering the VX 520 at well below whole sale cost, so call your sales representative today at 877-947-1800 to find out more.


EMV: What Your Business Needs to Know

EMV: What Your Business Needs to KnowEMV (which is an acronym for Europay, MasterCard® and Visa®) is a more secure way of accepting payments. A “smart card” and an EMV-enabled point of sale solution are required to leverage the technology and security capabilities inherent in EMV.

Smart cards contain a “chip” capable of more sophisticated security than traditional magnetic stripe cards, keeping cardholders safer and combatting counterfeiting and fraud by assigning dynamic values for each transaction. Since fraudsters cannot skim or copy chip card data, EMV technology helps reduce fraud risks for your business and your customers.

The U.S. is Transitioning to EMV

During the transition to EMV, many financial institutions will issue EMV cards that also contain a magnetic stripe. A customer can still swipe an EMV card using the magnetic stripe, but that does not take advantage of the added security technology embedded on the card’s chip and is not considered to be an EMV transaction.

The process for an EMV transaction is different than a magnetic swipe transaction. With EMV transactions, the cardholder inserts the card into an EMV terminal, where it stays during the transaction. In some cases the customer will be prompted for a PIN (this is very much like a debit transaction). For this reason, EMV cards are commonly referred to as “Chip and PIN” cards. Alternatively, some cards may still require a signature instead of a PIN. EMV cards can also be referred to as “Chip and Signature” in this instance.

During an EMV transaction, the card never leaves the cardholder’s hand. You present the payment terminal to your customer – even in restaurant environments.

Action Required!

You need to be aware of the liability shift currently scheduled to go into effect on October 1, 2015, a date determined by the credit card brands*. That means, by this date, if your business accepts and processes a counterfeit transaction on a non-EMV enabled terminal, the liability for that transaction is yours, not the card issuer’s. There is no fine associated with non-acceptance of EMV cards, only liability for transactions if your business decides not to use an EMV terminal by October 1, 2015.

How EMV Helps Your Business

EMV benefits everyone associated with your business. Consumers have fewer reasons to worry about the security of their payment information and will have a payment card that works anywhere in the world. Your business benefits from the reduction in card fraud resulting from counterfeit, lost, and stolen cards.

EMV in a Nutshell

What You Need to Do Next

We are excited to offer two different types of EMV solutions to meet your needs, beginning now and through October 1st, 2015. Call 877-947-1800 today to speak with your sales representative and learn more about which EMV option is right for you.

Flickr Creative Commons image via Natloans