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It?s passed. October 1st 2015.
Beginning October 2015, if your customers pay with an EMV? chip card and you don?t have an EMV terminal, you may be liable for any fraudulent transactions.
No. In United Kingdom it?s been in use since 2007 and since then has reduced fraud by 27%.
Named for the three companies that created it: Europay, MasterCard, and Visa, EMV is a tiny chip embedded in payment cards that is virtually impossible to counterfeit and offers stronger security than magnetic stripe cards.
Magnetic stripe cards send the same credit card number every time they are charged. EMV chip cards send data that changes with each transaction. EMV chip cards send a variable algorithm with each transaction, making the transaction more secure than the static data on magnetic stripes.
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With Aliant Payment Systems you can enjoy superior service and state-of-the-art technology while earning a 1% Cash Back Bonus* for the changeover. Aliant hardware is customized for your company?s specific needs. Once you are set up, you can conduct your business at your convenience. No Upfront Costs. Next Day Funding. Pay As You Go. Other benefits include:
1% Cash Back for every dollar processed*
Next day funding on all card types
Dedicated Relationship Manager assigned to each merchant
Guaranteed minimum 10% cost reduction
?Just a quick note to express our appreciation for the quick processing of our applications. We typically see a long application process and excessive fees in our industry, so it was refreshing to see such a quick turnaround, combined with lower fees! Working with you has been a pleasure, and we plan to recommend Aliant payments wholeheartedly.?
CEO, Media Communications
“Working with Aliant has been a great experience for Taylor?s Closet. They have really helped us easily understand the process of how things work. They?re always available to answer questions in a timely manner and to help you with all of your needs. They understand the true meaning of partnering.?
from Taylor?s Closet
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