EMV Payment Processing: Why it’s Important
Do you have an EMV card, aka chip card? If not, chances are by the time you are issued a new debit or credit card it will be equipped with the microchip. The United States has been transitioning to these cards since 2011. But the importance of them is rapidly rising all because of one thing—fraud.
Many businesses are switching over to EMV technology to protect themselves from fraud liability. This adjustment can seem like an expensive price tag for many companies if their technology providers are not already equipped with EMV payment processors. At QuikServe Solutions EMV technology is already included with our state-of-the-art POS system, eliminating the stress of making sure your business is compliant.
Stats from 2018 show that counterfeit fraud has dropped by 76% for merchants who took advantage of EMV technology upgrades.
But how exactly does EMV payment processing protect your business?
When it comes to fraudulent charges whoever is the least EMV-compliant in the situation is liable for fraud. Meaning if your customer has an EMV card, but your system isn’t EMV compliant your restaurant is liable for charges over $25.
So, how do you implement EMV compliance? The answer lies in your POS system.
The QuikServe POS system is designed specifically for the quick serve restaurant industry. We have integrated credit card processing that operates with the credit card of your choice.
It is our goal to provide you with a top-notch POS system that is up-to-date with EMV payment processing to help keep your restaurant safe and fraud at bay.
To learn how QuikServe can work with you, please contact us at 402-933-5296 or email@example.com.