EMV stands for Europay, Mastercard, Visa- named after the companies who developed this new standard of credit card security. EMV credit and debit cards include a microchip on the front of the cards that add another level of security protecting owners private information, reducing chargebacks and helping to prevent counterfeit, lost and stolen cards from being used.
Effective October 2015 merchants need to adopt the new chip and pin technology when accepting cards… or risk absorbing liability for fraudulent charges.
Luckily Answers is here to help you insure your payment solutions are EMV compliant. Contact us to setup a consultation.
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