We talk a lot about EMV chip technology with our clients and on our blog. I thought it would be interesting to show a real world example of what EMV is trying to stop. An increase in scams involving a credit card skimmer is a perfect place to start. (more…)
If it’s not clear by now, EMV has emerged as a mainstay technology. But in doing so, many feel it has increased the time it takes to process a transaction. Speeding up EMV transactions has been a huge topic of conversation with clients. We hear all the time that EMV terminals are too slow. It’s frustrating for merchants focussed on speeding up the checkout process. (more…)
EMV Card Chargebacks
Many merchants have been dealing with an unexpected increase in EMV card chargebacks. Most merchants knew of the approaching shift in liability leading up to October 2015. Since then, financial responsibility has moved from issuing banks to the shoulders of merchants. Those merchants must adopt specific technology or risk being held responsible for fraudulent charges. Much of which the banks were absorbing before. Even well prepared merchants have seen an unexpected rise in chargebacks. (more…)
Requesting Merchant Statements
Companies or individuals who are calling and requesting merchant statements or other personal data right away are usually not doing so for legitimate business purposes. Unfortunately, our industry is filled with people who try to prey on the trust and good manner of local business owners.