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Authorize.Net Direct Post Security Upgrade: Updating MD5 to SHA-512

Authorize.Net Direct Post Security Upgrade

Authorize.Net – the most popular payment gateway service provider in the world – is in the process of making a big change to how it verifies transactions, and that change impacts the business of every single one of their Direct Post users.

The company is phasing out MD5-based hashing and switching to SHA-512 signature key hashing. The last stage of the switch goes into effect on June 27th, 2019, and every business using Authorize.Net Direct Post, including BAMS users, will have to switch over before that date to avoid interruptions to their payment processing services.

To a lot of merchants, this might be a confusing topic or seem like an unnecessary hassle, but this change is an important step in keeping Authorize.Net’s transaction security on the cutting edge – something that benefits every single merchant on the platform.

 

What are MD5 and SHA-512?

MD5 and SHA-512 are cryptographic hash functions – algorithms that take data of any size and transmit them into an essentially irreversible fixed-length string. In simpler terms, hash functions take any type of data – like your name or your credit card number – and turn it into a new set of letters and numbers with a fixed number of characters.

Once that new set of letters and numbers has been created, it’s mathematically so difficult to translate it back into the original data that it simply isn’t feasible. That means that users who know the translation between the original data and the hash can easily verify it, but outside parties – like hackers or other bad actors – can’t decrypt the hash to get at the sensitive information it protects.

That level of security is why credit card companies and payment processors use cryptographic hashing to protect transaction data. A buyer’s complete information can be hashed and transmitted without having to worry about it being intercepted and seen by anyone that isn’t supposed to.

 

Why is switching from MD5 to SHA-512 worth the trouble?

Internet security is a never-ending game of cat and mouse. Hackers and bad guys are constantly figuring out new ways to break existing security protocols, and security teams are constantly figuring out new safeguards to replace the old ones.

MD5 is old technology. It was designed in 1991, and while it’s been a security workhorse for decades, it’s so old and so common that it no longer meets the level of security required to protect transaction data. MD5 has a number of weak points, not the least of which are that hackers have developed brute force attacks that can decrypt its hashes, and that it’s possible to duplicate the same hashes with different data.

SHA-512 is one of the newest hash functions in the SHA-2 family, and it has some major security benefits over MD5. The first is that, while MD5 is a 128-bit hash function, SHA-512 creates 512-bit hashes. In practical terms, what that means is that the strings of letters and numbers created by SHA-512 are 2.75x larger than the ones created by MD5 (trust us on the math.) The second major benefit is that SHA-512 is collision resistant, meaning it’s much, much harder to create the same hash from two different sets of data.

The result is that SHA-512 encryption is much harder to crack than MD5, and when it comes to the sensitive payment data of your customers, that advantage is priceless.

 

What do I have to do to make sure my Authorize.Net integration is up to date?

Your two basic options are to upgrade Authorize.Net to version 2.3.1, or to apply a patch to your implementation of version 2.2.8. In either case, you’ll also need to obtain a signature key for your newly updated security.

Patching an existing Authorize.Net integration isn’t overly complex, but it might be beneficial to obtain some developer help to get the job done. 

Completing the necessary steps before June 27th, 2019 will ensure your uninterrupted ability to continue processing payments through Authorize.Net and will ensure your customers will be able to continue doing business with you with full confidence in the security of their sensitive data.

 

Check out our Authorize.net Certified Integrations and learn more about BAMS. Our low-price guarantee and unique five-point price comparison process ensure that partnering with BAMS will not only make your payment processing easier, it’ll also help boost your company’s profitability as well.

 

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What Tools Does BAMS Offer for Offline and Online Merchants?

Online Merchant

BAMS is the industry leader in payment processing, trusted by thousands of merchants across the globe. That success is due to our full suite of features designed to help businesses like yours accept electronic payments with less fuss, and lower fees. BAMS has been designed from the ground up to provide all of the functionality needed by both our online and offline partners, and thanks to that client-focused design, 98% of our users report lower stress when working with BAMS merchant accounts.  Here are just a few of the many features BAMS offers to our clients in both digital and brick-and-mortar sales.

 

BAMS Online Merchant Tools

Payment Gateway and eCommerce Integration

BAMS integrates seamlessly with all of the most popular payment gateways and ecommerce solutions, including Authorize.net, Magneto, WooCommerce, BigCommerce, and many more. Partnering with BAMS for your merchant services means you won’t have to worry about making changes to your online store, ensuring maximum uptime and the smoothest possible experience for your customers while you get set up.

Customer Information Management

BAMS’ customer information management tokenizes and securely stores your customers’ payment information, ensuring that their sensitive data will always remain secure, boosting your PCI compliance, and enabling easy management of recurring payments. It also enables customers to store multiple payment methods so that they can easily select the most convenient options for future purchases.

 

BAMS Offline Merchant Tools

Point-of-Sale Integration

BAMS works with virtually any point-of-sale system, from fully integrated multi-terminal systems to standalone pads. That means that regardless of your existing in-store setup, partnering with BAMS will be a hassle-free process. We’ll also help you ensure that your equipment is updated to comply with EMV chip-card requirements in order to protect you from unnecessary liability exposure, and we offer a full range of EMV-compliant terminals ready to easily integrate with your in-store system.

Business Funding

One of our goals at BAMS is to help our clients get the funding they need by offering the most affordable cash advances possible. We accomplish that goal by integrating with Fundomate, the first search engine for business cash advances. BAMS partners can take advantage of our easy online application, enabling the entire process and all document submissions to be handled electronically, saving both time and paperwork. The result is that applying for cash advances through BAMS is faster and easier than ever. It’s also cheaper than ever, since we also don’t charge any of the fees associated with traditional brokers.

 

BAMS also offers a number of features and services that apply to all of our clients regardless of whether they operate online, offline, or both. That includes our powerful chargeback management tools to help minimize losses, and our industry-leading reporting and analytics suite that helps our clients make more informed business decisions. We also help all of our clients become fully PCI compliant, ensuring data security and peace of mind.

Contact us to find out more about the full suite of BAMS features and how your business can put them to work today. Our low-price guarantee and unique five-point price comparison process ensure that partnering with BAMS will not only make your payment processing easier, it’ll also help boost your company’s profitability as well.

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How Your Business Can Protect Itself Against Chargebacks

Chargeback Protection

Chargebacks are an unfortunate reality of accepting credit card payments, but they aren’t something businesses have to lie down and accept without a fight. Some chargebacks are completely legitimate, like cases where a purchase was made fraudulently by a third party. But many chargebacks are fraudulent, frivolous, or abuses of the system. In those cases, there is no reason for a company to accept losing the revenue, the product, and the additional chargeback penalty, and fighting back is in order.

 

Preventing Chargebacks

The first step in chargeback defense is to work proactively to stop them from happening in the first place. While merchants can’t prevent abusive or fraudulent chargeback requests, they can take steps to help minimize legitimate chargebacks.

Make it clear where the credit card charges are coming from:

One of the most common causes of chargeback requests is customers checking their statements and finding unfamiliar purchases. Worried about potential fraud, they then contact their card issuer and attempt to stop the payment. Sometimes this happens due to legitimate fraud, but many times it’s simply a matter of the customer not recognizing the payment descriptor – the name shown alongside the transaction amount. It’s incredibly important that merchants make themselves easy to recognize by using descriptors that match their branding rather than numbered company names or parent corporations.

Ensure customer complaints are taken care of quickly:

Of all the valid reasons major credit card companies accept chargebacks for, a number of them relate to unsatisfied customers. Unreceived orders, products that don’t match their description, defective merchandise, and misrepresented purchase terms are a few of the many reasons customers can legitimately file a chargeback. The best way to defend against consumer disputes is to take care of them with good customer service before they ever reach the chargeback stage. Addressing customer concerns quickly and professionally, and issuing refunds where appropriate, is a far better route to take than risking getting nailed with a chargeback.

 

Fighting Chargebacks

When chargebacks do come in, it’s extremely important that businesses handle them quickly and put up as strong a defense as possible to avoid the negative implication with card issuers and the hefty penalties, which can reach as high as $100 per instance. Successfully doing so comes down to understanding the system and knowing how and when to fight back.

The best response is a timely response:

A chargeback that doesn’t receive a response is a guaranteed loss, and waiting too long to respond isn’t much better. There are strict deadlines that merchants have to meet in filing their chargeback responses, and missing even one of them renders the entire process moot. Arguably the most important factor in filing a timely response is to find out about chargebacks as soon as possible. Some payment processors notify merchants of disputes by mail, which is slow and ineffective. Others, like BAMS, use SMS notifications to alert merchants as soon as a chargeback or retrieval request is filed. That speedy notification is invaluable when it comes to getting a strong defense filed in time.

Know the codes:

Each card issuer has its own set of criteria for what it considers a valid chargeback. Those reasons are managed using a set of codes, and every chargeback request will come with an associated code identifying the reason for the dispute. Understanding what those codes represent is key to filing a valid chargeback defense, so merchants absolutely need to be able to decipher them. Visa’s codes, for instance, are laid out in the Dispute Management Guidelines for Visa Merchants, and cover four major areas – fraud, authorization, processing errors, and consumer disputes.

 

One of the best ways to avoid losses from chargebacks is to partner with a payment processor that understands how serious a concern they are for businesses and offers tools to help mitigate and manage them. BAMS offers a full suite of chargeback tools, including SMS notifications, an online dispute management platform, Verifi integration, zero-liability chargeback assurances, and more.

Contact us today to find out how payment processing with BAMS can help protect your business against unnecessary losses from chargebacks.

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TurboApp – IRIS CRM’s Merchant-Boarding Secret Weapon

Merchant

All BAMS customers receive full access to IRIS CRM, one of the most powerful customer resource management platforms currently available on the market. IRIS CRM provides a full suite of tools that enable companies to manage all aspects of their operations, from communications to leads and prospecting, to sales, to payments, and beyond.

One of IRIS CRM’s most important features is TurboApp, a built-in application designed specifically for independent sales organizations looking to streamline their merchant boarding. With TurboApp, what was once an involved process requiring large amounts of manual entry can now be almost completely automated, allowing users to board new merchants far more efficiently than ever before.


How Does TurboApp Work?

TurboApp integrates directly with the major front-end providers so that the data from merchant applications entered into the IRIS CRM system can be passed right through, all from within the CRM. That’s a revolutionary advancement because it removes the time-consuming step of having to manually process a merchant’s application and then manually transfer all of the relevant information over into an application portal.

Thanks to IRIS CRM’s built-in eSignature functionality, applications are ready to go once they’re passed through to TurboApp, and all an agent has to do is upload the relevant attachments and check over the data to ensure there aren’t any errors.

TurboApp also allows boarding of multi-location merchants from within a single application.  Each location generates its own tab within the overall merchant application, allowing agents to follow the same simple steps as they would for a single-location application and eliminating the time-consuming process of handling data individually for each separate place.

TurboApp integrates with all of the leading front-end solution providers, including First Data Omaha, First Data North, Vantiv, Priority, Pivotal, iPayment, and a number of others. No matter which processor an application is being boarded to, TurboApp allows it all to be done in a matter of a few clicks.

 

The Many Benefits of Using TurboApp for Merchant Loading

The most obvious benefit to TurboApp is the speed with which it allows agents to board new merchants. By eliminating most of the manual work traditionally involved in merchant boarding, TurboApp allows the process to be completed four to seven times faster. That means agents waste less of their time each day on busy work, and can spend more focusing on signing up new accounts and bringing in revenues.

The other major benefit of TurboApp is the promotion of accuracy – an important factor whenever data handling is involved. The traditional boarding process is rife with opportunities for problems. Every time a piece of data is moved manually from one source to another, the possibility for data entry errors exists. Data entry errors can be the difference between an application getting approved or rejected, and as a result, they can be extremely costly. By removing as much manual data handling from the process as possible, TurboApp helps ensure that data quality is never compromised, resulting in more approvals and a fatter bottom line.

 

TurbpApp is a game-changing productivity tool, and it’s only one of the many powerful features include in IRIS CRM. All BAMS merchant services partners get full access to the full IRIS CRM suite, so get in touch with us to find out how you can put this incredible customer resource management tool to work for your company today.

 

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What Is Level 3 Credit Card Processing And How Can It Help Your Business?

Level 3 Credit Card

The average person doesn’t consider the VISA or Mastercard in their pocket to be any different from a company or government credit card – aside from the limit, of course. But there are actually significant differences in how corporate and government cards are used and processed. Those differences mean that not all merchants can accept all types of credit cards, and they also change the way issuing banks view transactions. The result is that merchants who can process these special credit cards – known as Level 3 cards – stand to benefit greatly.

 

Not All Credit Cards Are Created Equal

Banks categorize credit cards differently based on what types of cards they are and, more specifically, what’s required to use them. The credit cards consumers carry in their wallets that make up the vast majority of transactions are classified as Level 1 cards. Level 2 cards are often used for B2B purchases and require extra data to be captured in order to be processed. Finally, the largest corporate and government transactions are done using Level 3 cards, which require even more data to be captured and offer additional control to the cardholder, and additional assurances to the bank.

 

The Benefits of Level 3 Processing

The primary benefit of Level 3 cards to cardholders is the control they offer over card use. To the bank, Level 3 cards represent more fraud-proof transactions thanks to the enormous amount of information that needs to be collected to use the card. In return, the bank offers lower interchange fees to Level 3 payment processors – a kind of reward for the work required to handle all the extra data collection. The savings on those fees add up quickly, and that’s a huge benefit to the end merchant’s bottom line. As a result, companies that deal with larger corporate clients or government agencies should really consider upgrading their payment handling to include Level 3 data capture.

 

Getting Set Up to Take Advantage of Level Three Payments

Processing Level 3 transactions requires the capture of 15 to 20 additional line items on top of the data normally recorded on Level 1 card purchases. Those line items include things like invoice numbers, unit prices, item descriptions, and more. It’s a lot of data to capture, and doing it manually is a headache at best, and an enormous time-sink at worst.  Luckily, some electronic payment processors, like BAMS, can automate the capture and reporting of Level 3 data, allowing merchants to reap all the benefits of accepting Level 3 payments with none of the nightmarish manual data management.

With that in mind Level 3 processing isn’t appropriate for all businesses. At BAMS, checking for Level 3 optimization eligibility is part of our five-step price comparison process and one of the first steps in all of our partnerships. In addition to reduced fees, merchants that do begin accepting Level 3 cards open up a whole new world of high-end clients that other companies simply don’t have access to, so contact us today to find out how we can help your business begin accepting these valuable payments

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Why Chargeback Defense Is Important?

Chargeback Defense

There are only so many parts of running a business that you can prepare for. Like many aspects of life, it’s difficult to truly understand what it takes to be a successful business owner until you’re in the thick of it.

For example, one thing that no one tells you about starting a business is just how problematic chargebacks can be to an owner’s bottom line. Individually, these fees may not add up to much, but when underestimated and mismanaged, they can end up costing you big time.

When searching for the right payment processing solutions for your business, consider the importance of chargeback defense.

What Are Chargeback Fees?

In the simplest of terms, a chargeback is a forced transaction reversal initiated by a cardholder’s bank. If a customer feels dissatisfied with a product or service, or that a charge was fraudulent in some way, they are able to contact their bank and essentially request a refund.

Upon doing so, this will set into motion action taken by the cardholder’s bank to verify their claims before removing funds from a merchant’s account to put back in the customer’s.

Chargebacks were put in place as a sort of checkpoint, protecting consumers from fraudulent situations. However, nowadays it’s a “friendly fraud” practice that has been abused and overused for all the wrong reasons, such as buyer’s remorse, wanting to make a return after a businesses’ policy has expired and more.

Depending on the bank issuing the chargeback, fees associated with the transferring of money can vary from $20 to $100. Added up over time, these added costs chip away at your profits and make it much more difficult for you to focus on other aspects of building a business that will prove crucial for long term success.

How to Reduce Chargeback Fees

Reducing chargeback fees and requests starts with having proper chargeback defense solutions working in conjunction with your payment processing system. The following are tools to consider for helping your business mitigate fraud.

Easily Manage Disputes

One of the issues with chargebacks is how often they fly under the radar. Often times, many business owners won’t know they’ve been hit with one until after the fact, which can be incredibly frustrating.

BAMS offers peace of mind with chargeback defense tools like Instant Dispute Alerts and Online Dispute Management. Not only will you be made knowledgeable of chargeback disputes as they’re filed, but you’ll also have the opportunity to fight back from one convenient location. All of which certainly beats having to rely on postal mail and customer support lines.

Go on the Chargeback Defense with Fraud Protection

In partnership with services like Verif and Signifyd, BAMS helps stop chargebacks before they happen. The less time you have to spend reviewing and flagging every dispute that comes your way, the more time you can dedicate to your business’ developing reputation and growth.

Final Thoughts: Why Chargeback Defense is Important

Every sale matters. Protect your business with chargeback defense solutions you can trust. Contact BAMS today for a free price comparison and quote!

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The Best Payments Processing Service Provider For Restaurants

Restaurant Payments

Thanks to technology and the rise of digital, the restaurant industry has seen its fair share of evolution over the last decade.

From self-ordering kiosks to tabletop and handheld server tablets, restaurateurs are finding new ways to invest in customer experience. Having a point of sale (POS) and payment processing system that’s both reliable, secure, and flexible is one area, in particular, that’s of primary focus.

You need to partner with a service provider you can trust when handling the payments of your customers, especially as POS data breaches become more commonplace.

For the sake of your customer’s satisfaction and the long-term success of your restaurant business, this is why BAMS is the best payments processing service provider for restaurants:

#1: It’s Easy to Integrate with Your Existing POS

Putting BAMS to work for your restaurant business shouldn’t require a change in your existing POS technology. After all, convenience and organization are key when it comes to managing payments successfully. This is why BAMS payment processing integrates seamlessly with a wide range of popular restaurant POS systems, including Braintree, MICROS, FreedomPay, and ShopKeep.

Best of all, when it comes to support, our specialists are experienced with a variety of systems, which allows for easy setup and troubleshooting throughout.

#2: It Enables EMV POS Transactions

The shift to EMV (which stands for Europay, Mastercard, and Visa) has been gradually taking place across restaurants within the last five years.

Consumer cards have become globally equipped with computer chips in an effort to protect consumers and reduce the risk of fraud. And because of this, restaurants have had to keep up with emerging POS and payment processing technology that complies with new liability rules around consumer data.

If your current POS doesn’t read EMV chip transactions, you’re putting both your business and customers at risk. Along with our processing system, BAMS’ EMV POS solutions are easy to install, set up, and integrate into your current customer experience workflow.

#3: It Centralizes Your Analytics

Storing your customer data is one thing, but making it easily accessible and actionable can change the way you do business. BAMS provides an easy-to-use analytics dashboard for restaurant businesses, providing an ongoing glimpse into business operations.

Additionally, BAMS e-commerce merchant accounts gain access to our proprietary portal — one that allows you to better streamline operations to maximize profit down the road. Storing all of this data in one CRM also helps you improve upon customer experience with easily searchable transaction history, as well as statements for simplified reconciliation.

Final Thoughts: The Best Payments Processing Service Provider for Restaurants

When it comes to the success of your restaurant business, payment processing is one piece of the puzzle where you do not want to cut corners. For the sake of customer satisfaction, security, and peace of mind as a restauranteur, partner with a payments processing service provider you can trust.

Eager to learn more about whether BAMS’ solutions are right for you? Contact our team today to request a free quote.

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Demystifying PCI Compliance – The Basics And Benefits Of Meeting The Industry Security Standard

PCI Compliance - Security

PCI compliance is one of the most important factors in establishing safe online transaction processing, but many business owners and managers know very little about it. Most either assume that it doesn’t apply to them or that they already have it – whatever it is. But e-commerce software and online payment solutions aren’t PCI compliant by default, and it’s essential that companies accepting credit card payments – both online and off – understand the basics of PCI compliance and the many benefits that it provides.

What is PCI Compliance?

The Payment Card Industry Data Security Standard (PCI DSS) is a compliance requirement designed for organizations that process credit card transactions involving the major credit companies. The program is mandated and administered by a council made up of five of the biggest players in the industry – Visa, MasterCard, Discover, American Express, and JCB.

While not mandated by federal law in the United States, the major credit brands and banks do require merchants to meet the standard in order to satisfy their terms of service. That means failure to meet even one of the many criteria could be extremely costly. As such, any company that accepts credit card payments and stores or transmits card data must fully adhere to all PCI security requirements to minimize fraud and ensure that sensitive consumer data is protected from theft.

Benefits of PCI Compliance

The benefits that organizations gain from adhering to PCI compliance really can’t be overstated. Failure to comply and the consequences that result can be disastrous. PCI compliance is something that a lot of small businesses tend to push off into the future, but there really isn’t any excuse not to get up to standard immediately considering the numerous upsides. Here are just a few of the most notable:

1) Compliance is essential to maintain customer trust

Thanks to a number of high-profile data security breaches at behemoth companies like Yahoo, AOL, and Adobe, consumers are very aware of how much of their sensitive data is stored and how vulnerable it is if not properly secured. Even consumers that don’t know what PCI compliance means may still know the term, and being able to claim full compliance is a catalyst for establishing immediate trust with customers. Conversely, a data breach caused by a lack of compliance is a surefire way to destroy that trust, and once trust has been damaged, it’s incredibly difficult to repair.

2) Compliance significantly reduces the likelihood of a costly security breach

PCI compliance is all about fighting fraud and data theft, and the standard has been expertly designed by the organizations most interested in eliminating both – the major credit card companies. By adhering fully to all 12 compliance requirements – or better yet, exceeding them – companies can ensure they’ve done everything in their power to keep customer data safe. That’s important considering the immense consequences of failing to do so. Beyond the damage a breach does to a company’s reputation, the costs of defending and settling legal actions, bank fines, and internal and external investigations are enormous.

3) Compliance is an essential part of all merchant account agreements

All reputable merchant accounts from major banks require applicants to fully comply with all of the big credit card companies’ regulations to keep their accounts in good standing. Those credit card companies all mandate PCI compliance. That means failing to be fully PCI compliant puts a company’s merchant account – and in turn their core ability to accept payments – at risk. Many small businesses think they can ignore this requirement because of the small volume of transactions that they process, but even accepting a single credit card payment, whether in-store or online, requires 100% compliance.

Achieving PCI Compliance

To become fully PCI compliant companies must first analyze the current state of their systems and their existing compliance levels. Once that’s done, filling out the PCI self-assessment questionnaire (SAQ) will identify any deficiencies in the 12 individual compliance requirements. If any failure points emerge, they can then be corrected. Very few companies pass the initial compliance evaluation the first time, so fixes should be expected. Once everything is up to standard, a formal attestation of compliance can be filled out and filed with the relevant organizations. Once compliance has been certified, it must be revalidated on a quarterly or annual basis.

Taking the necessary corrective measures and getting systems up to standard can be a daunting task. The easiest way to do it, especially for companies without large tech departments, is to get help from an outside source. Customers who partner with BAMS for their payment processing have access to our experienced team of PCI experts who are there to walk our approved clients through the SAQ and the required quarterly security scans. The BAMS team makes it easier than ever for companies to ensure that they’re fully compliant and safe from the risks associated with failing to meet the standard.

Contact us today for more information on PCI compliance certification and secure payment processing with BAMS.

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Understanding EMV Payment Card Technology

Credit Card Transaction Using the New Security Electronic Chip Technology EMV

Updating payment equipment by companies to chip cards with embedded microchips has added a level of security to businesses and their customers. Fraudulent transactions risk has significantly reduced due to chip cards technology. Implementing point-to-point encryption reduces payment card fraud from counterfeit cards. The liability shift from financial institutions favors applying EMV technology to great effects.

The only challenge which companies are facing is putting in place EMV systems that bonds seamlessly with their specific EMV hardware.

What is EMV?

EuroPay, MasterCard, Visa (EMV) is a form of payment that bonds plastic cards with microchips. EMV cards, unlike normal credit cards, generate particular code for every transaction its user makes. The issuing bank shares the code to ensure it is legitimate. The microchip codes generated cannot be replicated, thus ensuring security against creating counterfeit cards by thieves.

Why Create EMV Card?

To curb hackers from stealing and selling credit card information that creates counterfeit cards, EMV was developed. Creating a card that generates random codes for every transaction ensures a minimal chance for counterfeit cards. The challenge, however, is that EMV cards are only helpful where a card can be inserted or swiped into a point of sale. Tokenization and point-to-point encryption eliminate card data breaches.

What Entails EMV Compliance?

EMV compliance requires installing point-of-sale terminals which are EMV-enabled and certified by a particular bank and ensuring that payment application is EMV certified for every card network. Depending on user’s application of EMV compliance, the terminal cost ranges significantly. Users ensure these terminals are installed with the EMV-compliant software.

What are EMV Security Weaknesses?

EMV cards are only applied where payment cards can be used in a point of sale. Online transactions which are highly fraudulent are not protected. Payment card security experts have concluded that hackers can still access unencrypted payment information from personal account number by removing the codes generated. EMV reduces fraud while point-to-point encryption eliminates fraud.

Companies that use debit and credit cards as a form of payment should consider becoming EMV compliant to significantly reduce fraud while also providing other benefits to a company such as the liability shift. Contact us now for more information.