Why upgrade to EMV chip terminal in San Diego
They say that when there is money, there is fraud. And it’s true in so many ways, including in the credit card industry. Many times we have heard about credit card information compromised – be it online or offline. Therefore, it is imperative that both the customer and the merchant are always vigilant and should keep their credit card processing system equipped with the latest and more secure technology.
In the US, 35% of the consuming public pays thru credit cards, and 43% using debit card (see more on payment method statistics). This only means that cashless transactions are dominating the market. Thus, a business owner, it is imperative that your payment system is reliable, secure.
If you are in California, you can upgrade your credit card processing system to EMV chip terminal San Diego. This makes credit card transactions more secure – will make you and your customer more at ease when doing cashless transactions.
What makes EMV chip terminal more secure for credit card transactions?
EMV-enabled terminals process credit cards with noticeable chip that is capable of uniquely identifying the card during every transaction. This chip helps authenticate the card and provides a higher degree of fraud protection for the cardholder than the magnetic stripe ones.
Today, more and more merchants are upgrading their point of sale devices to integrate EMV chip-enabled credit card processing terminal. Indeed, more and more businesses are recognizing the importance of EMV chip terminal in giving customers a more secure payment transaction system.
EMV stands for Europay, Mastercard, Visa, which set the global standard for chip-based debit and credit card transactions. Every now and then, these institutions issue updates associated with secure payment processing. As a business owner, you should be always in the loop to keep yourself updated with the latest in payment processing technology.