EMV payment company
EMV Level 3 testing and certifications firm? Wondering what all the fuss is about with EMV-certified terminals? Since the liability shift both providers and businesses have scrambled to obtain compliant equipment. Designed to decrease fraud, the EMV terminal reads the unique, one-time code generated when a chip card is inserted. This is a distinct process that requires a separate slot for inserting a chip card compared to the component used for swiping magstripe cards.
EMV cards are either inserted into the terminal slot, known as “card dipping,” or they can be contactless using near field communication (NFC) to transfer data by merely tapping the card on the terminal. Cards may also support both methods. See NFC.
If you are looking to migrate to EMV in the USA, please take a look at our more detailed EMV Page dedicated to U.S. EMV Migration. EMVCo published its latest EMV deployment figures in June 2016. In 2015, 35.8% of all chip card-present transactions – both contact and contactless – used EMV chip technology, this is up from 32% compared to 2014. There are now over 4.8 billion EMV payment cards in circulation, which is an increase of 1.4 billion in 2014.
Our experts have the EMV payment experience and knowledge to contribute specific EMV payment guidance for your role and your crucial priorities, delivered in high-touch, one-to-one consultative cooperations. You’ll take away the knowledge and the skills you need to implement them in your payment environment. We help you create an EMV payment roadmap to success for your mission-critical priorities with our payment industry-specific best practices. Read extra information on EMV Level 3 testing and certifications firm.