Know the facts to protect your business’ assets and bottom-line during this inevitable movement towards increased security with the EMV shift.
Know the facts to protect your business’ assets and bottom-line during this inevitable movement towards increased security with the EMV shift
In short, this shift is to protect businesses, especially yours, from fraudulent transactions. We’ve answered some common but important questions for you below so you can stay ahead of the curve.
EMV stands for Europay, MasterCard, and Visa, the companies that integrated chips into their cards to increase security during transactions.
The microchip creates a nonreplicable encrypted code for every transaction, virtually eliminating chargebacks while protecting the business and the consumer.The deadline for merchant POS has passed but the ATM EMV Compliance is coming up quickly on October 1, 2016.
After the deadline, providers with ATMs that are not EMV compliant will be liable for fraudulent and chargeback activities. The liability will shift from the credit card companies to the ATM provider, putting your business at a high financial risk.
With EMV-compliant ATMs, there will be more security, minimal chargebacks and in turn an increase in revenue. Everyone can sleep comfortably at night.
Whether your business is corporate or retail, NationalLink has an EMV-ready ATM that will compliment and add additional revenue. Click the link below to see what we have to offer.