Chip technology refers to the embedded microchip found on credit or debit cards and the terminals that work with them. This chip technology - designed to protect against fraud - is enhancing the security of card transactions around the world.
Every time a chip credit or debit card is used in-store, a unique one-time code is created that can be validated before approving the transaction - providing an additional layer of security.
By installing a chip-activated terminal, you are protecting your business from in-store counterfeit fraud and the liability that may come along with it starting October 1, 2015, known as the "EMV Liability Shift." After October 1, 2015, you may be liable for fraudulent transactions if you have not converted to a chip-activated terminal.
Taking this step to protect your business shows your customers how seriously you take payment card security so they can pay with confidence and you can have peace of mind.
To get your business set up with the new Visa chip technology, contact your Treasury Management officer for more information or call us at 1-888-292-4037 to speak with a Customer Representative.
Call us toll free at 1-888-292-4037
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