EMV Payment Solutions

EMV Processing

EMV (Europay, MasterCard, Visa) is here to stay. The complexity of migrating to EMV chip-card standards can pose significant challenges. SwipeNow provides an unmatched line of EMV-compliant hardware — paired with our training and support — to deliver complete solutions. SwipeNow works closely with our partners to ensure that all payment applications designed to run on these devices are EMV-compliant. While EMV limits the exposure of merchant payment transactions to fraud and misuse, cardholder information is still transmitted in the clear during an EMV transaction.

In the near future the way that customers will shop and pay will change. NFC technology uses RFID technology to communicate with another mobile device. To most shoppers, swiping a phone in front of a reader sounds weird but it is not the future, it is now. The smart phone technology can make the transaction in mere seconds. The NFC chip is able to communicate with the phone reader at the store (contactless payment). The purchase price is then automatically deducted from the credit or debit card.

Consumers benefit in several ways from being able to use contactless payments:

• Convenience and Ease of Use
  Instead of swiping a card, customers simply wave their card in the proximity of the reader.
• Safety and Security
  Contactless payments are processed through the same networks as other transactions. The chip technology utilized by contactless payments provides protection through encryption and dynamic data technologies, and can actually be safer and more secure than other forms of payment.
• Flexibility of Alternate Form Factors
  Contactless technology is increasingly available to consumers in other forms, such as mini-cards, stickers, key fobs and even mobile wallets that turn contactless-enabled phones into payment devices—reducing the need to carry a physical wallet at all.