Debunking 6 Myths About Accepting Chip Credit Cards
If you’re new to accepting payments, or if your business operates in a region where swiping cards is still in fashion, then you may have heard some myths or misconceptions about accepting and using EMV enabled cards for payments.
Terminal Update Gives US Merchants Lower Debit Processing Rates
Helcim’s partner bank Elavon has issued a software update so that when terminals detect a debit card, the terminal will auto-select the debit network.
What is the Difference Between NFC and EMV?
Cards that use EMV technology have a small computer chip implanted on the card that communicates with the terminals to ensure you are not a fraudster. If a card is equipped with NFC, or Near Field Communication technology, then they are able to pay for a purchase by simply holding their card close to the terminal, essentially facilitating contactless payments.
How Visa Debit Works in the US vs. Canada
Visa Debit includes the added benefits of credit cards, including purchase protection and the accessibility of online payments, while still allowing consumers to pay for purchases directly from their bank account.