EMV payment training and consultancy company by Fairbit.com

EMV payment training and consultancy firm? Ideally, it’s customer facing and can detect when a chip card is swiped, prompting the customer to insert the card instead. Proper EMV processing protects businesses from bank-initiated chargebacks. Simple enough, right? It’s actually not. Every terminal must go through extensive testing to become EMV certified. Let’s get these levels of EMV certification explained.

EMV cards were never designed to prevent fraud when credit card numbers are stolen and used online (“card-not-present”). However, they were intended to be more secure than fraudulent magnetic stripe cards. Credit card data can be illegally captured at point-of-sale terminals and easily copied onto blank stripe cards with an encoder (see skimming).

In the United States, at the end of 2014, only 0.12% of transactions were EMV chip-based, however this is expected to rapidly increase as the U.S. undergoes EMV Migration. the EMV transition started to accelerate in 2015 and is continuing apace in the first half of 2016.

We know, it is crucial to get it done under tight time in the market limitations. Our team which more than 18 years of experience did a lot of EMV certification and has been giving consultancy all over the world. EMV payment training and consultancy services: EMV Roadmaps, new standards, and easier EMV configuration are just the beginning. Find extra info at EMV payment services.