ARBA Retail Systems, working with industry leaders VeriFone, Datacap Systems, and Tempus Technologies, is in full preparation to help you become EMV-compliant and ready for the liability shift. ARBA works with these major gateways to interface our Point-of-Sale Software with their EMV-compliant Payment Solutions. Moreover, by using chips as an active part of the payment transaction, EMV cards and devices help prevent credit card fraud from account number theft and cloned payment cards. Moving to these major gateways’ Payment Solutions will allow you to accept payment via Debit with PIN and Near Field Communication (NFC) technology, such as GoogleWallet and ApplePay, and facilitate signature capture all with ARBA POS Solutions!
What Is EMV Compliant?
EMV stands for “Europay Mastercard and Visa” and it is a payment technology standard by these 3 companies. EMV Cards (also called “Chip Cards” or “Smart Cards”) are credit cards that embed a chip containing your credit card data encryption. These chips allow for greatly increased data security and encryption, stronger validation of the card and cardholder, and identification of payment devices as authentic, approved payment devices. All these elements increase security and fraud protection.
Furthermore, each provider has different incentives related to being EMV compliant. What this means is that by being EMV compliant you not only provide your business and customers with greatly increased data security in a world plagued by credit card security breaches and worries but also, depending on the credit card provider, you will benefit from:
- 50% to 100% relief from occurrences of credit card Account Data Compromise (ADC)
- Elimination of annual Payment Card Industry Data Security Standard (PCI DSS) validation requirements and waiver from PCI DSS audits.
Essentially, if you do not take steps to be EMV compliant, you will bear liability for credit card fraud and data compromise and be subject to increased data security constraints.
In sum, if you’re trying to find a POS System that is EMV Compliant CLICK HERE or call us at (630) 620-8566
