What is EMV?
EMV or chip cards, are more secure credit cards with a chip holding encrypted bank information.
So, how does this affect you, the restaurant?
You’ll need new processing hardware that is capable of reading the information on the card’s chip.
What if you don’t want this?
If a counterfeit or stolen credit card is used in your restaurant, the bank absorbs the costs and allows you, the restaurant, to keep the money that was spent at your restaurant. Now with the “liability shift”, you may be required to give back the money spent on that transaction or transactions.
Do you have buy the EMV readers?
No. There is no law that forces you to be EMV compliant. However, you will be on the hook for paying back the bank for fraudulent cards used in your restaurant.
Is MicroSale ready for EMV?
Yes! MicroSale offers two solutions for EMV. Datacap, a software that allows you to process on 10+ platforms, and Pax software. Contact MicroSale directly or contact a reseller today to find out which solution is best for you.