Do I need to have an EMV compatible terminal?
Our industry experts highly recommend that our merchants comply with the new technology due to the added security it provides.
Financial institutions have made it clear that if retailers have not implemented EMV payment technologies by October 2015, any fraudulent swiped transactions will be the merchant’s responsibility.
Where Can I Get An EMV Terminal?
Here at Best Rate Merchant Service, we offer all of our merchants with the latest technologies and one of our account experts would be happy to help you with ordering a new EMV compatible terminal for your business.
Protect Your Customers and Your Business
Near Field Communication (NFC)
NFC is a technology that allows for two-way communication between devices that are within a few inches of each other. The technology can be used to conduct transactions such as credit or debit payments.
Contactless payment is a system using NFC technology to complete debit or credit transactions. Some well-known contactless payment systems include Google Wallet (available on many Android devices and Smartphones), Apple Pay (available on select Apple products) and Softcard™. Consumers can pay at a store simply by tapping an NFC-enabled phone or card on an NFC-enabled POS terminal.