EMV chip cards help prevent in-store fraud and are nearly impossible to counterfeit. Chip technology is becoming the global standard for credit and debit card payments. To increase the adoption of chip technology, Visa, MasterCard, Discover and American Express will implement a liability shift for domestic and cross-border counterfeit transactions effective October 1, 2015. Once the shift goes into effect, merchants who have not made the investment in chip-enabled acceptance technology may be held financially liable for in-store fraud that could have been prevented with the use of a chip-enabled acceptance device. Mercury Payments makes it simple for you to meet the new EMV standards using your POS system.
Key Benefits
• Reduce risk of counterfeit, lost or stolen card fraud
• Reduce card skimming at the point of sale
• Accept foreign cards that are already EMV enabled
• Modernize your POS by supporting EMV and contactless payment technologies