Chase Paymentech provides information on its website to assist merchants with the transition to chip-enabled technology in the United States. This includes answers to frequently asked questions along with guides for business operators on how to use the bank's new EMV payment terminals.Continue Reading
Explanations of what chip technology is, how EMV payments differs from traditional magnetic strip card payments and the business rationales for upgrading terminals, including the shift of legal liability onto non-EMV merchants, are among the information available from Chase. The bank also provides best practices recommendations along with an explanation of the technical functions of EMV technology and a demonstration how a merchant should handle an EMV transaction.
Similar information is available from other financial institutions, including Bank of America and Wells Fargo, as well as card issuers such as Mastercard, which provides detailed information to business owners upon request, according to the companies' websites.Learn more about Credit & Lending