Category Archives: Mobile payments

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.

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A new era at the cash register

Reporter Mike Isaac of The New York Times recently took on the task of attempting to explain the attempts to put credit cards on cellphones and why this time is different.

In the news business, the least newsworthy items are those that happened in the past. More newsworthy is saying New Era at the Cash Register-nyt100114what is happening now. But, the most compelling news is to tell your readers what is going to occur (the weather, when the Super Bowl is going to be and who is likely to win, etc.).  Thus, the NYT headline, “Apple Pay Signals New Era at Cash Register” is attention grabbing.

But, it’s just not Apple’s new iPhone announced this month that’s foreshadowing the future, the article notes:

If doubts remained about the far-reaching implications of Apple’s entry into the market, they were almost surely cast aside on Tuesday. In a surprise announcement, the e-commerce giant eBay said it would spin off PayPal, long the dominant digital payment service — a move meant to make PayPal more nimble in a fast-changing market.

“The era of digital payments is upon us,” said John Donahoe, chief executive of eBay. 

The case for credit cards on cellphones is strong:

“Apple Pay is good for everyone in the payments ecosystem because ultimately, it increases the amount of transactions that are happening on mobile,” Mr. Collison said.

With Apple Pay, which is expected to be available within a month, people can pay online or in person with their phone, using an iPhone’s fingerprint sensor to check out, an experience that Apple says will be faster and safer than offerings from its predecessors. Many major restaurant and retail chains, including McDonald’s, Whole Foods and Macy’s, have signed up to accept payments this way.

The article notes that smartphone credit cards are more secure than swiping a traditional credit card. When a purchase is made the phone wirelessly transmits a one-time code along with encrypted customer data.

Read the entire article from The New York Times here.

Are mobile payments going to catch on?

Using your cellphone instead of a credit or debit card sounds a bit too cute, like a solution in search of a problem. But, there a big issue being addressed behind this new technology, as Kevin Poulsen explained in Wired this month:

Systems like Apple Pay and Visa’s newly announced Visa Token Service accomplish the same security goals as EMV, but also work online. They replace the static credit card number with a temporary token that changes every time. “Initially, Apple Pay’s tokenization will only be for in-app purchases from mobile phones,” says David Robertson, publisher of the respected payments industry newsletter The Nilson Report. “But over time that will broaden.”