July 5, 2017

By now, most are familiar with the EMV chip, as almost everyone has been issued a new card by their bank containing one. EMV cards are equipped with a microchip that holds your account information, and is read whenever you dip your card in a terminal. This chip ensures your card is safer and better encrypted than its predecessor, the mag stripe card. Chip cards have been around for over a decade, but have mainly been present in Europe, where fraud declined by around 50% once instated. The US has been filtering out magnetic stripe cards for chip cards in the past few years, once Europay, MasterCard, and Visa banded together to cre...

April 12, 2017

When it comes to EMV and the smart technology that is equipped within it, EMV, also known as EuroPay, MasterCard, Visa is becoming more of a necessity. More and more businesses are being required to enable this technology. EMV is its own computer chip that encrypts its own unique transaction code for each consumer that can’t be replicated. Now you may ask yourself, what's in it for business, and not just the consumers? There are a number of benefits for a company that takes on EMV integration! Have your company invest in one system with an abundance of benefits.

Security: This is one of EMV’s top benefits for your business, as wel...

April 3, 2017

With the explosion of EMV technology for payment processing it is hard to keep track of what has been occurring. Businesses and consumers have lived with this new adoption for one year now. EMV standard has transformed the payment industry and we want to provide insight for your business as to what EMV looks like in 2017.

1. With the adoption of EMV standard, studies have been popping up regarding this new technology. Recently, studies have shown that by the end of 2017 EMV technology should increase by 98% due to laws that will come into play later down the road.

2. Many forget that EMV just came to be about a year ago, which also...

March 20, 2017

All of our terminals, pin pads, and Clover machines are equipped with EMV technology. Here at PayHub Payments, we believe in the power of security, which is why our devices contain EMV technology. But what exactly makes EMV a more protected transaction authenticator than the original cards? The answer is the small gold square located on the card, rather than the traditional magnetic stripe.

Where does this chip come from? The chips begin as 500 pounds of large glass and are then segmented into distinct separate discs. Individual micro circuits are then cut from this and placed on each separate debit and credit card. These chips ar...

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