In previous articles, we’ve talked about what EMV is and why it’s an important upgrade for any business. EMV certifications have had a huge impact on the reduction of card-present fraud worldwide. What is most important, however, is the liability shift that EMV technology brought on with it. The liability
Choosing an appropriate and reliable payment processor or merchant account provider is essential to running any business that processes credit and debit transactions. Payment processors are not all built the same so it’s important to understand the merits and drawbacks each one has. This post will simply outline the main
The rise in digital, contactless, and chip payments across the world means new regulations that protect both consumers and businesses. Some of these regulations are broad and cover general transaction security with things like EMV and PCI compliance. Others are less applicable to all merchants and cover more specific aspects
The US is one of the largest countries to remain behind on the transition toward EMV technology. Canada, on the other hand, adopted EMV just as it was starting to gain popularity. This adoption has significantly impacted fraud losses in Canada. A study done by the Canadian Bankers Association found
Cash is no longer king according to Payments Canada. Since 2016, debit cards have become the most widely used method of payment with credit cards coming in second place. Cash usage shrunk by over 9 percent from 2018 and is set to continue the downward trend. So, what does this
Diversifying your payment options is very important in our constantly changing world. Consumers are moving away from using cash and prefer to use electronic payment methods. But, since there is no such thing as a free lunch, these payment methods have a cost associated. Transaction fees. Remember that these fees
As consumers move away from cash, and card payments take the lead, the safety of financial data is a big concern. Businesses have to actively work toward creating an environment for their customers to spend their money safely, and getting EMV and PCI certifications from card companies is one of