www.paymentsleader.com/will-retailers-be-ready-for-emv-by-oct-2015/

Alpine Payment Systems is your EMV specialist

What is EMV?

EMV is an acronym for Europay International, MasterCard and Visa. Essentially EMV was established to provide a worldwide standard for the interaction between chip-based "smart cards" and approved payment devises. Currently more than 40% of countries use EMV cards and over 70% use EMV payment devises. Until now, the U.S. has not followed this trend, preferring mag-stripe cards instead.

According to EMVCo, 1.55 billion EMV cards- accounting for 41% of the total payment cards in circulation worldwide- have been issued as of Q2 2012.

Why Now?`

Visa recently announced a definite, phase migration plan to accelerate the adoption of EMV chip-card standards in the U.S. (READ THE PLAN)

How Does it Work?

EMV devices are able to read data stored on a chip within the card. By using chips as an active part of the payment transaction, EMV cards and devices help prevent credit card fraud from stolen account numbers and cloned payment cards. Each chip-based card is embedded with encrypted data. During the transaction authorization process, the encrypted data is used to verify the card's authenticity. Strong cryptographic functions are used to authenticate the card and cardholder to ensure the validity and authenticity.

Additional Information:

EMV Key Dates

EMV- As easy as ABC

 

 

DINE FRAUD FREE

DINE FRAUD FREE:


Check out our innovative way to eliminate the risk of Credit Card Fraud.

 

 Since the creation of Alpine Payment Systems, company president Robert Ensminger, has brought the concept of “Dine Fraud Free” to the forefront of the restaurant industry. During a trip to Europe, Robert saw

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Alpine Payment Systems receives their Fourth, back to back, triumph as one of the fastest growing companies out of Portland's top 100.

 

 

 

 

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