Five Benefits of EMV Software

EMV is a global standard for credit and debit payment cards based on chip card technology. It covers the processing of credit and debit card payments using a card that contains microprocessor chip.
Although magnetic strips have been standard in America for decades but EMV technology revolutionize the US payment system by offering some new benefits to customers, merchants and processors.

1.Highly Secure card present Transactions: EMV cards store their information in microprocessor smart chips, and they are encrypted to protect that data. It’s much more difficult to acquire the data, and it’s also more difficult to create fraudulent cards because that requires the technology to duplicate the microprocessor chip and the encryption that protect its data.

2.Platform for Secure mobile Wallet payments: It allow customers to wave their smartphones over a terminal rather than dipping or tapping a card. Because mobile wallets are one of the other trends in the payment industry.

3.Globally Accepted: With EMV poised to phase into the United States market, it will become a global standard for both card and mobile payments. This is good news for customers and domestic merchants.

4.Offers PCI relief for Compliant Merchants: In order to encourage merchants to make the transition to EMV technology, payment brands are pushing for PCI-specific relief. The hope is that this move will offset upgrade costs incurred by the merchant, thus allowing them to make the transition without great cost.

5.Operate in Offline Mode: EMV card contain microprocessor that can interact with terminals and perform offline transaction. EMV cards can use verification data from their own microprocessor smart chips

Upgrade you payment strategy with fully advanced EMV Software Solutions to avail the various benefits provided by EMV Software.