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PLNA e-News: Business Resources

Why Adopt EMV Payment Technology?

Friday, June 05, 2015   (0 Comments)
Posted by: Michele Hines
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Be Ready for the Switch

Around the world, EMV cards are setting standards for secure, safe consumer payments.  Wherever they’re deployed, the computer chipbased cards offer superior protection against fraud, protecting cardholders and PNLA Members accepting them.  Preparing your business to accept EMV may be as simple as updating the software on your existing point-of-sale system or adding a new EMV-Capable terminal.  No matter the environment, PLNA along their partner TSYS Merchant Solutions is ready to help you determine what you need to do to begin offering your customers the ability to pay with the new chip cards.

Why Adopt EMV Payment Technology?

  • Fraud Reduction
    Security Features in EMV chip cards reduce lost, stolen, and counterfeit fraud. Unlike traditional magnetic stripe transactions, EMV credit card terminals and chip-enabled cards work together to validate cards and cardholders
  • Dual Verification
    EMV terminals validate or authenticate cards using the dynamic information found inside the chip, and cardholders validate they are the owner of the card while it is still in the EMV terminal.

 

Update Your POS to Accept EMV Payments Today
If you already have an Ingenico EMV Terminal, a quick software update may be all you need to enable the EMV card acceptance. If not, it may be time for an upgrade.

The Ingenico EMV enabled terminal also accepts swipe, contactless, and manual payments, so you’ll be able to move all of your transactions to a single device. PLNA Members through TSYS receive discounted pricing on terminal upgrades as well as their overall merchant program.

For more information from PLNA partner at TSYS click here.

 


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