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Published on Tuesday, 31 March 2015 Published in Blog

Deena Tolley of TRI will present a workshop on Credit Card Security and Understanding the Liability Shift for Merchants in South Yarmouth, MA. She will also be sharing how to keep your business transactions safe and secure!

 

There are a lot of changes occurring with credit cards and merchant payment processing right now:

 

  • Fraud loss liability shifting to some merchants in October 2015
  • Replacement of magnetic stripe cards with chip-based cards (EMV)
  • Development of various new smart phone technologies for payment processing

 

Learn from Deena how to avoid the fraud loss shift, secure your good reputation and ensure the safety of your customers' information - or even your own.

 

This free workshop by Transaction Resources, Inc. will prepare you for all of this and more, including saving money on processing fees and the best options for mobile payments. This presentation is part of the Yarmouth Chamber of Commerce workshop series.

 

Tuesday, April 28th 9-11 AM
Bridgewater State University
1175 Route 28, South Yarmouth, MA

 

To register, please call the Yarmouth Chamber of Commerce at 508-779-1008.

Published on Thursday, 12 March 2015 Published in Blog

"Chip cards" or EMV cards are credit and debit cards embedded with a micro-chip. The acronym, EMV stands for Europay, MasterCard, Visa.

Don't let the changes catch you unaware! These cards are in wide-spread use throughout the world and are now being rolled out in the US. The goal of EMV is to improve security and reduce fraud at the point of sale. By later this year magnetic stripe cards will live only in our memory, along with the 8-Track tape.

 

For merchants, the switch to EMV requires adding new in-store technology, updating internal processing systems, and complying with new liability rules.

 

For consumers it will cost no more than a bit of extra time for processing at the check-out counter. They will simply receive and activate new cards and adjust to a small change during the payment process.

 

For the benefit of both our business partners and their customers, we answer a few important core FAQs about EMV cards in a series of future quick reads, "EMV Bytes".