Aeris POS is EMV Certified. Are You?
EMV credit cards have been around for years in Europe, and now they’re here in the United States. Major credit card companies have already begun the transition to “chip” cards, and it’s estimated that approximately 70 percent of credit cards and 40 percent of debit cards in the U.S. will support EMV by the end of 2015.
If your POS system isn’t EMV ready yet, it needs to be. Because the cards use a chip implanted in the card, rather than the traditional magnetic strip, it requires both different technology and hardware (chip and pin cards are “dipped” rather than “swiped”) to read the cards.
Perhaps even more importantly, liability for fraud shifted on Oct. 1, 2015 to whichever party is the least EMV-compliant. Delaying EMV readiness puts your business is at risk — annual costs of credit card fraud are nearing $10 billion in the U.S.
Lucky for you, Aeris POS is ready for EMV. Here’s what you need to know.