Say goodbye to the stripe and hello to the chip. EMV is the global standard for payment processing technology, and it’s coming to the U.S. EMV uses an integrated chip embedded in the card to hold all the cardholder information previously stored on the magnetic stripe, and more. And it contains advanced security technology that can help reduce data fraud!
As the number of credit card transactions, both authentic and fraudulent, continues to rise, you can rest assured that Midwest BankCentre is here to help provide best-in-class protection from the significant expenses that can result from a data breach with our Data Breach Security program.
Expenses from a data breach can easily amount to more than $20,000 even if the breach is only suspected. Midwest BankCentre is here to help you save the fate of your company from potentially threatening financial consequences.
What Can Chip-Compatible Equipment Do for Your Business?
- Save money. Using EMV equipment will help keep your processing fees at the lowest possible rates and reduce compliance fees.
- Increase security. Advanced technology makes it harder for criminals to duplicate card information and steal data.
- Add customers. With EMV equipment, tourists from other countries can use their chip cards to make purchases in your business in the future.
- Avoid legal issues. In the future, if your business does not use EMV equipment and a data breach or a counterfeit transaction occurs in your store, you could be held financially liable.
Upgrade to EMV-compatible processing equipment now and be ready to take advantage of everything EMV technology can give you.
We offer some of the most advanced EMV-compatible terminals available. Please share a few details to the right and a business banker will be happy to assist you.
Please Note: Services and Security features are offered through TSYS
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