Chip and Pin vs Chip and Signature

Chip-and-PIN vs Chip and Signature

With the EMV liability shift well under way, you may feel like you can finally stop worrying about how your credit card processing is done and get back to being concerned with the other aspects of your business. However, now that we have moved past the question of chip cards versus strip cards, we now need to tackle the issue of chip and pin versus chip and signature. Which is better and why? Is there a difference in security or merchant liability? If you are a business owner, this is a question that would be beneficial for you to deal with. Let’s take a look. What’s the Difference Between Chip-and-PIN Over Chip and Signature? The best place to start when choosing between these two approaches to transaction processing, is to get a better understanding of their differences. Helpfully, these two options are exactly what they sound like. For starters, chip…

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Protecting Your Business and Cardholders With EMV

Business owners around the world rushed to update their payment terminals to accept cards with EMV before the 2015 deadline. If you own a restaurant or retail store you’re probably familiar with the term EMV. However, many people don’t understand how the technology works. Are you curious about how it can help your business? Here is some basic information about EMV cards and how it can help protect your business. What is EMV? EMV is a new payment standard for merchants around the world. The term EMV refers to Europay, MasterCard, and Visa, the payment processing companies that developed the system. They created the technology to create a safer shopping experience for consumers and merchants. Cards with EMV or “chip cards” have an embedded electronic chip on the front that allows customers to process transactions securely. How Does EMV Work? First, customers have to insert their EMV card into the store’s payment…

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A Guide to Choosing the Right EMV Equipment

EMV chip card readers have all but replaced strip card readers and chances are, if you have not yet updated your terminal, you will be soon. The good news is, EMV chip card readers are easier than ever to find and there is no shortage of options. In fact, this can almost be too overwhelming, making it incredibly difficult to make an informed decision. With this in mind, we thought it would be helpful to put together a guide to EMV equipment so that you can make the best decision when it comes to your chip card reader. What are the Different EMV Equipment Options?  The major difference between EMV and card stripe terminals is the chip-reading portal into which the EMV cards are inserted. These terminals utilize technology specifically designed to read these microchip cards. Choosing the best EMV equipment can be difficult but it has a lot to…

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