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Created with Fabric.js 1.4.5 Why is EMV Better? How is my business impacted by EMV? What happens in October 2015? Why is this happening Benefits of EMV what about equipment? Issuers around the world are including chips in bank cards and merchants are moving to EMV-compliant terminals to increase security and reduce fraud resulting from counterfeit, lost and stolen cards A list of Chip and Pin enabled solutions available through GSS Payments Solutions The EMV card includes a secure microprocessor chip that can store information securely and performcryptographic processing during a payment transaction. EMV cards carry security credentials that are encoded by the card issuer at personalization description here lorem ipsum dolor sit amet,consectetur adipsicsing elit description here lorem ipsum dolor sit amet,consectetur adipsicsing elit description here 31% description here description here description here description here description here description here description here description here description here 13% 44% 32% 19% 7% 51% 11% 22% 14% The biggest benefit of EMV is the reduction in card fraud resulting from counterfeit, lost and stolen cards. EMV also provides interoperability with the global payments infrastructure consumers with EMV chip payment cards can use their card on any EMV-compatible payment terminal. EMV technology supports enhanced cardholder verification methods and, unlike magnetic stripe cards, EMV payment cards can also be used to secure online payment transactions. Fraud on lost and stolen cards is now at its lowest level for two decades and counterfeit card fraud losses have also fallen and are at their lowest level since 1999. Losses at U.K. retailers have fallen by 67 percent since 2004; lost and stolen card fraud fell by 58 percent between 2004 and 2009; and mail non-receipt fraud has fallen by 91 percent since 2004.
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