Wednesday, September 24, 2014

The Future Of Credit Card Processing

I just read a story of how there has been a data breach nationwide at Jimmy Johns sandwich shops. This, along with the Home Depot and Target stores suffering the same fate - literally putting MILLIONS of credit and debit card holders account information at risk.

The solution is coming in the form of the data chip.

Mag stripe readers will be rendered useless in 2016 when all merchants will either upgrade their processing terminals to read the data chip or be held liable for fraudulent magnetic stripe transactions. Good idea and for someone that is in the merchant services business LIKE ME it spells O-P-P-O-R-T-U-N-I-T-Y.

Contact me for more information or just Google EMV chip and check out the results. Just get back to me if you want to upgrade your obsolete service.

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