Sage North America this week announced that their Sage Payment Solutions business is EMV (Europay, Mastercard, Visa) ready with EMV-certified payment processing.
EMV, referred to frequently as “chip and pin” is a technology standard for secure processing of credit cards. Beginning October 1, SMB merchants will need to manage shifts in liability for fraudulent transactions if they are not EMV-enabled. EMV benefits include more secure credit card transactions; opportunities to support new contact, contactless and mobile terminals; and a reduction in chargebacks.
“While October 1 was an important date for EMV readiness, it was really just a starting point,” said Paul Bridgewater, CEO of Sage Payment Solutions, the payments division for Sage North America. “Cardholders are continuing to receive their chip-enabled credit cards, while businesses are actively investing in their payment environments to support the required changes. That said, achieving EMV certification is a major step forward, and Sage will be certifying additional hardware in order to offer our SMB customers, business and integration partners a full suite of EMV-capable solutions.”