Even though we continue to hear about issues and concerns from business owners surrounding EMV in the media, this is not slowing down EMV adoption by business owners. Approximately 23,000 merchant locations are becoming “chip-ready” every week (Stewart, 2016). As of … Continue reading
As of February 2016, 37% of businesses were currently able to accept chip enabled cards; this percentage falls short of the 44% that was estimated to be accepting by February 2016 (Jones, 2016). As of March 31st, the total number of … Continue reading
We regularly get questions at Wimsett & Company on how Apple Pay, Samsung Pay, Android Pay and various forms of mobile payment acceptance affect the payments industry. The answer is that these forms of payment are making it easier and … Continue reading
Apple Pay, Android Pay, mobile wallets, EMV/chip cards, Square, —the way we pay and the way payments are accepted at businesses continues to change and evolve. Particularly, 2015 was a big year for EMV technology and 2016 is projected to … Continue reading
According to Digital Transactions, as of late August 2015 (the last time data was available) only 301,000 of the 8 million card-accepting merchant locations were activated to accept chip card payments. This number is low considering that on October 1st, … Continue reading
Currently, EMV (Europay, Mastercard, and Visa) chip cards are the “hot topic” in the payments industry. There is a plethora of information about EMV on the internet which can be overwhelming. Through this blog we hope to answer business owner’s … Continue reading
1. Consider your needs Do you want to take in-store, online, and/or mobile payments? What capabilities and features do you need in a POS system? How many terminals or POS systems do you need? How much do you estimate you … Continue reading
EMV (Europay/MasterCard/Visa) Migration Status On August 9, 2011, Visa announced plans to accelerate the migration to contact chip and contactless EMV chip technology in the U.S. They believed the adoption of dual-interface chip technology would provide stronger authentication and transaction … Continue reading