Follow

Agile is EMV/Chip and Signature Ready!

The Agile Development Team has been working with several providers for the past 18 months to implement an EMV-ready solution. This work and certifications are finally complete and ready for deployment for anyone ready to make the switch.

A Few thing you need to know about the October 1st Liability Shift

Liability Shift
After October 1, 2015, if a fraudulent transaction occurs, the liability belongs to whichever party has not yet adopted EMV chip technology. This means that the issuing bank or merchant could end up being financially responsible for the fraudulent transaction if they aren’t EMV-ready.

Card Present Transactions Only
The transition toward EMV technology and the liability shift only affects merchants who process card present transactions. Online transactions  are not directly affected by EMV technology or the liability shift
 
Scenario 1 - A traditional magnetic stripe card is swiped by the customer at a magnetic stripe terminal. In this case, neither the issuing bank nor the merchant is EMV-ready. If the purchase is a fraudulent transaction, the merchant is generally not liable, just like today.

Scenario 2 - A chip card is used at a traditional magnetic stripe the only terminal. In this case, the issuing bank is EMV-ready but the merchant is not. If the purchase is a fraudulent transaction, the merchant is generally liable, since the issuer has made the investment to upgrade to chip technology and the merchant has not

Scenario 3 - A chip card is used at a chip-enabled terminal. In this case, the issuing bank and the merchant are both EMV-ready. If the purchase is a fraudulent transaction, the issuer will continue to bear the responsibility of the fraudulent activity, as they do currently.

A Few additional considerations:
Nothing significant changes about your operation on October 1st
The issue of chip-enabled cards is currently underway by most issuing banks. It is estimated only 25% of debit cards and 70% of credit cards will be chip-enabled by the end of 2015. The transition by the issuing banks is expected to continue through 2016 and beyond.

Chip enabled cards will include a traditional magnetic stripe allowing them to continue to work with legacy systems.

The EMV shift is not a law or a mandate for merchants.
Since the shift is not mandatory merchants should consider these questions when determining their EMV strategy:

  • Total cost of implementation
  • Current fraud and chargeback levels and liability
  • Does the shift make sense in light of the potential impact on my business
  • Current and future customer demand for this protection

All the currently available options are early in their life cycle. Other options may be available as the technology matures.

EMV hardware supports modern payment platforms such as Apple Pay TM and Android Pay TM
 
Next step to implement EMV today.
Since  EMV transaction flow requires coordination between several providers to transmit and verify the validity of a chip based card transaction. Agile has aligned its current EMV initiative with TSYS Merchant Solutions to help with the EMV transition. Your Agile Customer Service Representative can get you additional information and connect you with the TSYS Merchant Services Sales And Implementation Team
 
Contact your Agile Customer Service Representative to discuss additional details.

Was this article helpful?
1 out of 1 found this helpful
Have more questions? Submit a request

Comments

  • Avatar
    instagram
  • Avatar
    Permanently deleted user

    Your requirements may be so that you require the following in a very short time, however. As the aforementioned technique has an essential while. If so you could possibly select services of diverse sorts. There are numerous individuals who can promote your membership fiercely which will bring you enthusiasts and also it is regarded as the ways. Some Website seo services provide and sociable advertising personals can also provide you this. A brand new strategy is to find the hack application also. When you use these facilities appropriately you can certainly get a large number of following without having flagged. Although the crack system really should not be used since it is not as much as the character but it really will work. Occasionally you want that your chosen company can get an increase, an increase to help your enterprise to grow at least acquire some level of popularity and according to these recognition you are able to improve your organization endeavor noticeably. In order to avail such alluring benefits, well when you are thinking about such phenomenon then you should buy Andres Roemer.

  • Avatar
    instagram

    There are several ways to be element of social websites via the internet. You could enhance your rank by using widely used social networking sites for instance Twitter or face book in addition to far more business focused social web sites such as LinkedIn. Naturally, another solution that you may have should be to use Instagram in an effort to convey on your own over the social network. Instagram is actually a distinctive sort of social networking sites that lets you deliver your photographs with a bit of modest adjustments. Furthermore, you could use Instagram images to disperse them in Face book or twitter, Tweet in addition to Tumblr and many others. If you are able to use Print Instagram Photos of Your Choice With Ease effectively, it can help to increase your standing as it can help boost your ratings and it can help you get a favorable position with the ranking of the search engines.
    Even though it is a photograph established social networking website, Instagram is often of your critical assistance to you. Now, if you don't have enough instagram followers, you don't need to feel despair as you can easily buy instagram followers to help increase your standing. This can help you with search engines like Google, as you can makes use of the instagram likes to provide you the raise that you require yourself. If you don't have enough followers to create the boost that you want, you can also buy instagram likes to increase your standing.