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Adding EMV-Compliant Retail Transactions Is Easier When You Have The Right Payment Management Platform
by Chad Roll
in Blog
on 30 June, 2016
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Are your needs related to credit card processing expanding? If you've been working with card-not-present or recurring payments and now need to expand into retail credit card processing, you'll face issues and challenges – but you can overcome them with the right EMV-compliant payment management platform.
Credit card fraud is a major concern for merchants and credit card companies, costing the industry more than $5 billion a year. In an effort to prevent fraud, most banks are now reissuing all credit and debit cards with EMV technology – small chips inside that are designed to make cards harder to duplicate and therefore minimize fraud. There’s a lot of debate about whether EMV cards help or not, but the new standard is here to stay.