As of February 2016, 37% of businesses were currently able to accept chip enabled cards; this percentage falls short of the 44% that was estimated to be accepting by February 2016 (Jones, 2016). As of March 31st, the total number of … Continue reading
The combination will provide payments security, managed firewall and network solutions to more than 21,000 merchant locations across North America. LEXINGTON, KY (January 4, 2016) – EchoSat, Inc., a leading provider of payments security, managed firewall and network … Continue reading
Apple Pay, Android Pay, mobile wallets, EMV/chip cards, Square, —the way we pay and the way payments are accepted at businesses continues to change and evolve. Particularly, 2015 was a big year for EMV technology and 2016 is projected to … Continue reading
According to Digital Transactions, as of late August 2015 (the last time data was available) only 301,000 of the 8 million card-accepting merchant locations were activated to accept chip card payments. This number is low considering that on October 1st, … Continue reading
In our previous blog about EMV, we discussed the basics of how EMV technology and security will work; however, since our previous blog was published new information has been provided about how EMV will work specifically in relation to tipping … Continue reading
Currently, EMV (Europay, Mastercard, and Visa) chip cards are the “hot topic” in the payments industry. There is a plethora of information about EMV on the internet which can be overwhelming. Through this blog we hope to answer business owner’s … Continue reading
EMV (Europay/MasterCard/Visa) Migration Status On August 9, 2011, Visa announced plans to accelerate the migration to contact chip and contactless EMV chip technology in the U.S. They believed the adoption of dual-interface chip technology would provide stronger authentication and transaction … Continue reading