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EMV Terminals and Credit Card Processing


 

You Must Upgrade Your Card Processor by 2015!


Click Here to see all the FREE Terminals

If you are planning to accept or continue to accept credit cards as a form of payment in 2015, your processing equipment must be UPGRADED to be EMV Compliant!


 Astronomical fines (up to $500,000)
are on the horizon for non-compliance!

http://www.allbusiness.com/crime-law-enforcement-corrections/criminal-offenses/13748643-1.html

Excerpt from above article:
"Visa/MasterCard have taken a strong armed approach to force compliance. Fines for non-compliance can reach up to $500,000, plus the merchant must pay all costs for forensics, card re-issuance and fraud in case of a breach. If the merchant's business survives the fines, they risk having their Visa/MasterCard privileges revoked."
 
Our competitors have a gleam in their eye because this mandated upgrade allows them to sell you new processing equipment.


Business owners must cut every "unnecessary expense". 
Buying new processing equipment is "UNNECESSARY"  


We will GIVE YOU FREE equipment
(Up to $5000 or more in savings) 
and will BEAT your Processing Rates TOO!
(by volume an avg. savings of $40-$60 a month)
 
NO JUNK FEES
NO COMPLIANCE FEES
NO SET-UP FEES
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LOWER RATES
FREE TERMINALS
FREE INSTALLATION
FREE EMPLOYEE TRAINING


Contact us TODAY for your FREE EMV POS credit card processing system.


Call
(505) 358-3939 or Click Here to fill out our Inquiry Form and Set Up EMV Credit Card Processing NOW

Our credit card processing solutions are suitable for all types of businesses including medical, dental, retail, e-commerce, restaurant, B2B, home based, service, and more looking to accept credit cards and debit cards.

We specialize in servicing multiple location businesses and/or single location businesses with multiple credit card terminal needs. (bowling centers, restaurants, bars & lounges, etc.)

Whether your business needs a simple low cost merchant solution to accept credit cards on occasion, or you need a complete, integrated credit card processing solution to run a business with hundreds of locations, Platinum Finance Center can provide the best solution for your needs. 


How many FREE EMV card terminals do you need?

Your FREE Harbortouch EMV POS Credit Card System


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Preparing your business for EMV

The best time to begin preparing your business for an EMV transition is Now! Platinum Finance Center offers EMV-capable credit card processing machines and POS terminals for FREE!

Call (505) 358-3939 or Click Here to fill out our Inquiry Form

and Set Up EMV Credit Card Processing NOW!

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What is EMV?

EMV is a technology standard originally developed by Europay, MasterCard and Visa in 1994 that utilizes smart cards to increase the security and global compatibility of credit and debit card transactions.

Today, EMV Integrated Circuit Card Specifications are maintained and enhanced by EMVco, an organization collectively owned by American Express, JCB, MasterCard and Visa.

With EMV, a customer's credit card information is transmitted to a business's credit card machine via a small microchip in the customer's credit card instead of via a magnetic strip that is the current standard.

Visa and MasterCard have begun what will likely be a long push to bring EMV to the United States. For financial institutions, this means issuing cardholders new credit cards and updating networks to process EMV data. For businesses, this will mean purchasing new EMV-capable credit card processing equipment.

There are certainly costs associated with the transition to EMV, but the benefits come in the form of increased security, reduced fraud, and even expanded marketing opportunities for small businesses.

EMV is already the payment standard in every major market except for the United States, making the switch to EMV in the U.S. long overdue.

Bradley's Pit BBQ - Testimonial


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Preparing your business for EMV

The best time to begin preparing your business for an EMV transition is Now! Platinum Finance Center offers EMV-capable credit card processing machines and POS terminals for FREE!

Call (505) 358-3939 or Click Here to fill out our Inquiry Form

and Set Up EMV Credit Card Processing NOW!

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What is a Smartcard?

A smart card is a plastic payment card that has an embedded microchip with memory and often micro processing functionality.

Smart cards are the same size and shape of traditional credit cards, and most feature a magnetic strip in addition to a microchip so that it can be accepted by businesses with point of sales systems incapable of reading a smart card.

Unlike magnetic strip cards that store and transmit static cardholder information to a business's point of sale device, the microchip in a smart card adds a bit of dynamic data to each individual transaction. Think of this dynamic data as a one-time-use password that protects each transaction.

The ability of the microchip in a smart card to generate dynamic data is a key factor in EMV's security, and it's also where smart cards get their name.

Jake's Bar & Grill - Testimonial


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Preparing your business for EMV

The best time to begin preparing your business for an EMV transition is Now! Platinum Finance Center offers EMV-capable credit card processing machines and POS terminals for FREE!

Call (505) 358-3939 or Click Here to fill out our Inquiry Form

and Set Up EMV Credit Card Processing NOW!

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What is the purpose of EMV?

EMV satisfies two main objectives. It decreases credit and debit card fraud on card-present transactions through increased security, and it creates a consistent cardholder experience worldwide through a global payments standard.

EMV Security & Fraud

EMV utilizes microchips instead of magnetic strips to transmit cardholder data at the point of sale. Unlike magnetic strips that transmit static information, a microchip attaches a unique cryptogram to each and every transaction.

This makes each transaction unique, thereby thwarting a fraudster's attempt to duplicate a transaction.

The dynamic cryptogram generated by a smart card also protects against "card skimming," which occurs when a fraudster reads the magnetic strip information from a credit or debit card without the cardholder knowing and then uses the information to make card-not-present purchases.

Once obtained, the card information can be used for "card transplant" fraud. This occurs when a fraudster uses inexpensive devices to copy a Cardholder's magnetic strip data to a blank card. The card copy is then used to make purchases, or in the case of ATM cards, to withdraw funds from the cardholder's account.

The EMV standard will also help reduce card-not-present fraud by reducing the amount of stolen credit card information available for use online, although this benefit will not be realized until the EMV standard has been widely utilized for some time.

Global Payments Standard

The United States is the only major market in the world that has yet to adopt an EMV standard. People traveling from the Unites States abroad will find it is difficult to make purchases with a magnetic strip card; conversely, visitors from Canada, the United Kingdom, and elsewhere will find it virtually impossible to use their smart cards to make purchases within the United States.

A globally adopted EMV standard allows cardholders to travel freely and make purchases anywhere using a single technology.

Moon Dance Wine & Spirits - Testimonial


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Preparing your business for EMV

The best time to begin preparing your business for an EMV transition is Now! Platinum Finance Center offers EMV-capable credit card processing machines and POS terminals for FREE!

Call (505) 358-3939 or Click Here to fill out our Inquiry Form

and Set Up EMV Credit Card Processing NOW!

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How are EMV cards processed?

EMV is a card-present technology, meaning the card must connect directly to a business's point of sale system either physically or within a distance of no more than a few inches through near field communication (NFC).

EMV cards are not swiped like magnetic strip cards. Instead, they are processed using near field communication (NFC) or physical contact.

In the case of NFC, a cardholder simply waves her smart card in front of a reader on a business's POS device to make payment.

Alternatively, a cardholder can insert her EMV card into a slot in the business's credit card machine and a reader within the machine connects with the card to initiate contact.

Smart cards that are capable of both contactless and physical transactions are called dual interface cards. Most smart cards are dual interface, but not all.

The four basic methods for processing an EMV transaction are listed below.

Contactless ("tap and go")

For a contactless transaction, the cardholder simply waives her card in front of a business's POS device to provide payment information. She may then be prompted to enter a personal identification number (PIN), or to sign a receipt once the transaction has been authorized.

Chip & Pin

A "Chip and PIN" EMV transaction occurs when a cardholder inserts her card into a business's POS device and the card remains within the device while she provides a PIN number to unlock the card. Chip and PIN is the most widely utilized EMV standard worldwide.

Chip & Signature

A "chip and signature" transaction occurs when a customer signs a sales receipt instead of providing a PIN number to complete the transaction. It is speculated that the U.S. will utilize chip and signature instead of chip and PIN since it is very similar process to what consumers are accustomed to with magnetic strip cards.

Chip & Choice

A "chip and choice" EMV transactions occurs when a customer is given a choice of completing a transaction by providing a PIN number or signing the sales receipt.

Neworld Cafe - Testimonial


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Preparing your business for EMV

The best time to begin preparing your business for an EMV transition is Now! Platinum Finance Center offers EMV-capable credit card processing machines and POS terminals for FREE!

Call (505) 358-3939 or Click Here to fill out our Inquiry Form

and Set Up EMV Credit Card Processing NOW!

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When is EMV coming?

The seed for an EMV transition has already been planted, and Visa has led the charge with a roadmap for EMV adoption with an August 2011 announcement that outlines a merchant incentive and a fraud liability shift.

Technology Innovation Program (TIP)

Visa's TIP went into effect October 1, 2012 and it allows U.S. merchants to skip PCI validation once 75% of their transactions originate from a device capable of transacting both NFC and physical EMV transactions.

The TIP program is a step in the right direction, but it fails to account for PCI compliance fees that many merchants pay to their credit card processor. Eliminating the requirement for validation loses much of its appeal if the associated costs are not also eliminated.

Bank to Processor to Merchant Liability Shift

Perhaps a far stronger motivator than Visa's TIP is the liability shift that is scheduled to take place October 15, 2015.

Under the shift, credit card processors will be responsible for fraud losses that occur as a result of a cardholder being forced to pay using a magnetic strip instead of a smart card due to a business not having a smartcard-capable device.

The cost of the fraud losses will ultimately be passed by the processor to the business where the fraud originated, thereby leaving the businesses on the hook.

(The liability shift will not occur for gas stations until 2017 due to the higher cost of transitioning equipment to EMV-capable devices.)

Lobo de Mar - Testimonial


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Preparing your business for EMV

The best time to begin preparing your business for an EMV transition is Now! Platinum Finance Center offers EMV-capable credit card processing machines and POS terminals for FREE!

Call (505) 358-3939 or Click Here to fill out our Inquiry Form

and Set Up EMV Credit Card Processing NOW!

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