2016 payment trends - What's to come?
Posted by on 1/17/2016 to
EMV Migration
Now 2016 is here, and we have another exciting year ahead in payments. As the industry changes and new payment methods evolve, great opportunities are presented for independent sales agents. Now is the perfect time to capitalize on these opportunities and keep your merchants ahead of the curve. Here's a look at five top payment trends to watch this year.
EMV liability shift: Who's liable for what - and when?
Posted by on 1/4/2016 to
EMV Migration
The EMV (short for Europay, MasterCard and Visa) liability shift is currently top-of-mind for anyone in financial services or retail. But confusion persists about what the liability shift really means and who's liable for what – and when.
Restaurants adjust to EMV tipping
Posted by on 12/24/2015 to
EMV Migration
With Europay, MasterCard and Visa (EMV) adoption gaining traction in the United States, some merchant level salespeople (MLSs) are encountering difficulties while helping retail and hospitality businesses employ EMV-compatible solutions to accept tips and gratuities. However, many payments analysts see little variation between adding tips to mag stripe transactions and the chip-and-signature transactions that are being phased in to U.S. merchant locations.
EMV observations at the liability shift
Posted by on 12/8/2015 to
EMV Migration
October 1, 2015 marked a significant shift in the rules governing fraud liability for credit and debit card transactions on EMV cards. For cardholders, however, the POS payment experience has been evolving over the past year, and the evolution is far from complete. By early next year, we expect many more merchants to enable the chip capabilities on their terminals, but already, the vast majority of U.S. credit card holders and a large number of U.S. debit card holders have had their first experience conducting a chip-authenticated transaction.
What you should know about payment security
Posted by on 11/29/2015 to
EMV Migration
Security should be a top priority for every business. While many headlines about data breaches usually focus on large retailers, like Target Corp. and The Home Depot Inc., there are numerous data breaches and fraud instances that we don't hear about, especially those that happen to small and midsize businesses.
The outlook for EMV
Posted by on 11/2/2015 to
EMV Migration
With the Oct. 1, 2015, Europay, MasterCard and Visa (EMV) deadline behind us, the industry continues to monitor U.S. migration rates and chip card distribution in order to predict progress. And, based on current data, it looks like the nation's move to full adoption of EMV-compliant payments will last for another two years in merchant categories that were given the 2015 deadline, and perhaps even longer for petroleum retailers, whose EMV liability shift will occur two years hence.