Remove Authentication Remove Chip Cards Remove Encryption
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What are Mobile Payment Services and How Do You Select the Right One for Your Business?

Stax

Thanks to smartphones and secure authentication, mobile payments continue to explode in usage. lower chargeback volume than traditional credit cards. The consumer simply has to open their mobile wallet, choose the appropriate debit or credit card, and hold it near the contactless card reader until the payment is accepted.

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Everything You Need to Know About Credit Card Processing

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This means you’ll be able to accept chip cards as well as contactless payment methods like contactless cards and digital wallets like Google Pay or Apple Pay. All you need to do is enter the payment info into your virtual terminal and it will then be encrypted, authorized, and submitted for online payment.

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100+ Payment Industry Terms Explained in Plain English

Clearly Payments

Tokenization Replacing card data with a secure, unique token. Encryption Scrambling card data so it cant be read by anyone else. 3D Secure An added layer of authentication (e.g., AVS (Address Verification System) Verifies the billing address matches the card. Verified by Visa).

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Chargebacks Have Merchants Scared Straight (To EMV)

PYMNTS

The EMV liability shift just hit the six-month mark , the force of mobile continues to strengthen, and industry players are shape-shifting their business models all while authenticating consumers just keeps getting more complex – and that’s the tip of the iceberg. “I think that before Oct.

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Tap to Pay: What It Is and How It Works

Stax

Since the first plastic credit card was issued by American Express in 1959 , payment tech progress has been growing exponentially. EMV chip card technology had a good two decades or so, beginning in the mid-’90s. The authentication methods verify each party’s identity before exchanging sensitive information.

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Chip Shield’s $20 Online Fraud Solution

PYMNTS

A new personal chip card reader will soon hit the market with the goal of protecting consumers while shopping and banking online and ultimately preventing online fraud — at an introductory price of just $20. The assistant can also provide extended authentication and serve as a password manager.

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The Straight Scoop On EMV: One Year Later

PYMNTS

Additionally, according to newly released data from Cayan, consumers are getting increasingly used to using EMV in their day-to-day lives — 42 percent of consumers use chip cards three or more times per week while shopping. Not surprising, since there are more than 700 million chip cards in circulation in the U.S.

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