Pc america cash register express technical support
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#PC AMERICA CASH REGISTER EXPRESS TECHNICAL SUPPORT UPGRADE#
There is no mandate in place that a business must upgrade to EMV technology. There are further rules around this regarding if a PIN number is used, but chip-and-PIN cards won’t be widely used in the initial US rollout.ĭoes my business need to upgrade to EMV technology? The short answer is - you don’t have to but you definitely should. If your business DOES accept EMV cards, the card brands will own the liability. If your business does NOT accept EMV cards, it may have to own the liability to cover the cost of fraudulent charges.
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On October 1, 2015, the major card brands are instituting a policy where liability may now be owned by the business, instead of the banks - depending on which party has the “weaker” or less secure technology (which party is less “EMV compliant”). What is the “liability shift”? Currently if a fraudulent credit card is used at your business, the card issuing bank owns some (or all) of the liability for that fraudulent charge - meaning they will eat the cost. Criminals will look for lower-hanging fruit elsewhere. With current technology, it is nearly impossible to create fraudulent versions - and if it could be done, it would be very expensive and time-intensive. EMV cards are more secure, and use sophisticated algorithms that are powered by the chip. Why are EMV cards better? One of the strategies to defeat fraud is to make the process too expensive and too time-consuming for criminals to bother with. The fraudulent credit cards can then be taken into a store to make purchases (usually high-ticket items) in what is referred to as a ‘fraudulent charge’. These hackers sell off the credit card numbers, which are ultimately used to create duplicate credit cards that look, feel and act legitimate. What is a fraudulent credit card? As you’ve likely seen in the news, hackers have penetrated the security of many large retailers and stolen millions of credit card numbers. EMV cards are ‘dipped’ into terminals, and must remain there for the entire payment transaction. These cards are swiped through a magnetic stripe reader (commonly called a credit card reader.) The new EMV cards have an embedded computer “chip” that generates unique data for every transaction. How are credit cards and EMV cards different? The old credit cards have a magnetic stripe on the back that contains your name, credit card number and some other data. In the US, most credit card companies are allowing consumers to sign the terminal or receipt, instead of using a PIN number - this is called chip-and-signature. In Europe, they most frequently are used in conjunction with a PIN number - called Chip-and-Pin. EMV cards are more secure than traditional credit cards. These chip cards were introduced several years ago in Europe ( E uro M astercard and V isa) and are used in many countries around the world. What is EMV? The quick answer: the “chip card” that is replacing your standard credit cards.