Archive for January, 2014
The method of acceptance of credit card payments is changing. The old model of swiping a card is being replaced with a new smart chip because of the added security. This new technology is called EMV. Some customers have even stopped carrying the physical credit card and instead choose to use their phone as their form of payment. This technology is called NFC. If your business is not accepting these forms of payment you are potentially missing out on revenue and will soon be shifting the liability of fraud onto your business.
The following video will explain this new technology.