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Thursday, 12 March 2015 20:25

Are Your Ready for "Chip Cards"?

"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". 

 

 

Published in Blog

TRI offers the payment terminals that represent the latest technology, including EMV , while still accommodating the processing you've been using all along.

The FD 130 and FD 130 Duo have become instant favorites, providing processing options for traditional magnetic stripe cards, chip cards and the new Apple Pay feature with the iPhone 6. They offer the flexibility that assures that your business will be running at the head of the pack.


About The FD 130
 and FD 130 Duo Terminals

FD 130 terminalThe FD 130 or FD 130 Duo offer an affordable solution, combining performance, reliability and ease of use in compact, feature-rich devices. In addition, with the implementation of new chip card and NFC (Near Field Communications) technology, the combined solution enables you to accept transactions when a customer presents you with a magnetic stripe card, chip card or iPhone 6 for payment.


Installation of these terminals is quick and easy. Connection choices for transaction processing include dial-up phone line, broadband Internet service- or Wi-Fi (consider the savings in wiring with the Wi-Fi connection).


The FD 130 is a single component whose payment processing is performed by the merchant. It accepts the NFC technology used by the already popular iPhone 6, as well as PIN and signature debit cards, all major credit cards and EBT cards. Cards with EMV chips are inserted into the EMV card reader or just tapped on the contactless reader. Traditional cards are still swiped through the magnetic card reader.


FD 130 Duo terminalThe FD 130 Duo includes the FD 35 PIN Pad. The FD 35 device enables mobile phone payments for the Duo, such as with the new iPhone 6. The pairing of the components allows your customers to maintain their card during a transaction. This comprehensive device also accepts PIN and signature debit cards, all major credit cards and EBT cards. Customers can insert their chip card into the EMV card reader, tap their contactless card, or swipe a traditional card through the magnetic card reader - all without relinquishing control of their card.


Merchant payment processing is changing. For more information, email us at info@transactionresources.com, speak with your TRI salesperson or call us at
888-494-9988.



Merchant payment processing is changing. This evolution might feel like it's happening every quarter; some new payment technology is highlighting its superior security features and/or speed. You wonder if your business can accommodate the changes efficiently. You wonder if you can keep up. 

 

TRI customers do! We more than keep up with the changes on your behalf, we inform you about them.

 

 

 

 

Published in Blog