Three things every business owner needs to know about EMV.
- What is EMV? – EMV Stands for Europay, MasterCard and Visa. It’s the Global Standard for Chip Technology used to authenticate credit card transactions.
- EMV – Is it Mandatory? – No, EMV is not mandatory.
- What is the Liability Shift? – The liability Shift took place October 2015, and transactions after that date are now the responsibility of the merchant for “FRAUD”.
If you accept a chip card in your business without a chip reader and the cardholder claims that the card is stolen or the transaction is fraudulent, your business is now responsible.
Nationwide Payment Systems offers a full range of EMV equipment for Retail, Restaurants, Pay at the Table and Mobile Merchants.
For more info www.npsbank.net or contact us.
Go to our Contact page or call Toll-Free 1-866-677-2265 and a Nationwide Payment Systems Payments Professional can go over your specific needs and find you the right solutions together.