When it comes to enhanced security for your customers, chip-activated terminals are taking things to a whole new level. So how does it work? Chip cards and chip-activated terminals work together to protect in-store payments for mass chain stores. A unique one-time code is generated behind-the-scenes that is needed for the transaction to be approved—a feature that is virtually impossible to replicate in counterfeit cards. It’s easy for your customers to use and for you to adopt.
When you upgrade to chip technology, you continue to be protected from counterfeit fraud losses
Starting October 1, 2015, businesses that don’t accept EMV chip card transactions may be responsible for any resulting counterfeit fraud
Similarly, effective October 1, 2017, credit card transactions made at Automated Fuel Dispensers will be included in the Liability Shift Policy