All Merchants Have to Comply with EMV

Don’t succumb to complacency; become EMV compliant today! Make sure you are informed and prepared with EMV-capable point-of-sale devices to protect against counterfeit-card fraud.

The October 2015 liability shift set by the major card networks to implement the Europay-MasterCard-Visa (EMV) chip card standard will leave unprepared merchants vulnerable to counterfeit fraud for the first time. Merchants that have not installed EMV-capable point-of-sale terminals within the next three years will assume liability for counterfeit-card transactions conducted in their stores.

Acquirers that sell EMV to small merchants will not have an easy task. It is important to stress that this deadline is real and is coming quickly. Even if a merchant’s acquirer isn’t yet ready to process EMV transactions, the merchant can install the equipment now and then be ready to download the EMV application software to the existing device.

Let VeriFone be your guide and partner with us during this transition. We have years of experience helping thousands convert to EMV worldwide and offer an unmatched line of EMV-compliant hardware and software – as well as training and support – to deliver complete solutions for meeting migration plans.

The newest EMV contact and contactless-complaint solution is the VX 805 PIN pad. This powerful, fast PIN pad provides everything needed to securely accept payments and other transactions, with the agility to quickly embrace future technological change, including NFC, mobile commerce and EMV.  It also offers the latest security protections – including full compliance with PCI PTS 3.0 – plus EMV Level 1 and 2 Type Approval.

Click here to find out more about VeriFone’s EMV-compliant hardware and software solutions.

Source: Oct. 3, 2012.