Do people still barter?

BarteringThere are various means of payment available for your business to receive your funds in exchange for goods and services sold to your clients. Some of these payment options include Bitcoin, Online Payments, Credit Cards, Cash, Bartering and Checks. It is essential to note that each of these payment options have their advantages and disadvantages. Your choice of a payment option is related to the type of business and your risk tolerance. This article is designed to give you  insight into each of these payment options and how they can enhance your business.

CASH PAYMENT

Cash payment comes with simplicity. For the most part, there are no issues of fraud, bogus credit or debit cards, transaction fees, and bounced checks as you get cash reimbursements with immediate effect. However, there is a need for a documentation of cash transactions in case of an IRS audit which is time-consuming. Receiving cash payment is an excellent idea for you and the clients. You will hardly find an entrepreneur who avoids cash payments after rendering services or selling a product.

CHECKS

Checks payment are not exempt from risks that can cripple a business; it is important to utilise this payment option with caution. That is the reason why most entrepreneurs only accept in-state and local checks as a means of payment, while unnumbered checks, non-personalized and starter checks are to be ignored. If you can make use of stringent measures to confirm the authenticity of each check you receive, it is probably worth accepting checks, but it is a form of payment you should carefully consider before accepting.

CREDIT CARDS

Credit card transactions are known to have an affiliation with transaction fees but selecting a cash-only option for your business might reduce the number of prospective clients that are willing to buy from you. Payment options such as credit cards, payment gateways and virtual terminals can be complicated, but it is imperative to do a feasibility study and choose a payment plan that is easy to use and cost-effective. Remember that not every buyer who purchases items online has a PayPal account, you need to find a viable means to receive payment from those who want to buy from you and do not have a PayPal account.

ONLINE AND MOBILE PAYMENTS

It is important to include online payments if you are receiving payment via PayPal, credit cards and other mobile payment alternatives, otherwise you are likely to lose some potential clients. Though it may not apply to you if your business is all about dealing with real customers who visit your local store where you receive cash, or you work as a hair stylist who receives payment once the task is completed. You need to think of the simplest form of payment for your customers.

BITCOIN

Even though Bitcoin as a form of payment can look complicated to a newbie, it remains an incredible way to diversify your portfolio. There is no need to bother yourself about fraudulent activities on your account as you receive your payment instantly and there is a probability for you to create relationships with clients who also share a mutual belief in the prospect of the blockchain technology. You can include a tag on your store or website that you also accept Bitcoin as a means of payment. Choose the right merchant solution that aligns with your business type. Bear in mind that Bitcoin payment is legal and accepting Bitcoin is not hard. This is the best time to include Bitcoin as part of payment options on your platform.

BARTERING

If you render services such as styling of hair or a photographer, you might have an idea of exchanging a service you are not skilled in delivering for your trade with one of your contemporaries. Both of you might be rivals in the business world, but it is an excellent idea to exchange trade by making use of bartering method. As a business owner with little funds and loads of inventory, you can give the idea of trading with a competitor who possesses what you need at the moment. Joining a barter network will be a fantastic choice as you are entitled to barter credits in exchange for the services you need at any point in time.

Phone Swipe Offers New PCI Option

As you know, we take the safeguarding of sensitive cardholder data very seriously here at Phoneswipe. We’re also committed to making the PCI compliance process as easy as possible for you, our valued merchant. That’s why we are doubly pleased to announce that beginning November 14, 2016, we will be partnering with award-winning PCI DSS compliance vendor, SecurityMetrics®.

This strategic new alliance will make it easier than ever for you to maintain PCI compliance, while also allowing for:

  • One easy process start to finish (no more scan redirect)
  • 24/7 merchant support
  • Enhanced security services
  • Continued portal access through the all-new mypci.com, now featuring even more tools to help you protect sensitive data
  • FREE vulnerability scanning (for one IP address)

Best of all, there are no new purchases required of you at this time and all your previous compliance work will be transferred to this new solution so you don’t have to start over.

Look for more details about this exciting new partnership, including pricing info, in the days to come.

Questions? Contact our Customer Service Team at 866.785.5044 and we’ll be happy to assist you.

Thank you for choosing Phoneswipe as your merchant services provider.

Is Square the Right Account type for your business?

 

Square or Not to SquareThe introduction of mobile payment options, like Square, has changed the landscape of credit card processing. The question is, as a Furniture Medic Franchisee, is a Square-type of account right for you? In this article, we discuss the pros and cons of Square, as well as other options that you, as a small business owner, may want to take a look at.

The first question you want to ask yourself when considering if Square is right for you, is, “How much do I process in credit cards every month?” or “How much do I think I will process in credit cards every month?” The number one advantage of a Square account is that there are no monthly fees. You may ask yourself, “How they are able to waive monthly fees when everyone else has them?” It is simple. They charge a much higher percentage on every transaction. Square charges 2.75% for swiped transactions and 3.5% + $0.15 cents for keyed-in transactions. So, let’s say you do a job for $400.00 and key in the transaction. It would cost you $14.15 (if it were swiped it would cost you $11.00). If you are only doing one to three jobs a month on credit cards, then Square (or a Square-type account) is probably something that would work for you. If, however, you are doing three or more jobs of this size a month on credit cards, then that higher percentage starts to add up.

A traditional merchant account is generally going to charge around $10.00 a month in set fees; however, the percentage per transaction is much lower. There are two types of traditional accounts, a swiped account and a card-not-present account or MOTO (mail-order-telephone-order) account. These accounts usually have three tiers of fees:  qualified (swiped or card-not-present but with ZIP and security code), partially qualified (reward cards) and non-qualified (government, international or corporate cards). On average you pay around 1.3% to 2.4% for a traditional account when you take the different tiers into consideration. So, with either the swiped account or the card-not-present account, you save 1.0% or more on all your transactions versus Square. That is a savings of almost $10.00 on every $1,000 that you process. In other words, if you are doing three or more jobs a month of around $400 each on credit cards, it is cheaper for you to have a traditional account instead of a Square account.

Below is a comparison of advantages and disadvantages of traditional versus Square accounts that should be factored into your decision about which type of account to use.

Advantages of traditional accounts:

  1. Customer support: If you use Square and have ever tried to get a human being to help who understands your problem, you know what I am talking about. No one likes to deal with customer support, but generally you have better luck with customer support when you have a traditional account versus Square.
  2. Fees:  Although traditional accounts always have monthly fees (these vary based on the type of account but range from $5.00 to $15.00 a month), the percentage you are charged per transaction can be significantly lower. Again, if you are doing more than three jobs per month of around $400 each on credit cards, this type of account is cheaper for you.
  3. Monthly billing: Traditional accounts make your monthly reconciliation much easier. If you do a $400 job, then $400 shows up in your account the next business day. The fees all come out at one time the first business day of the next month, so deposit amounts match your invoices.

Advantages of Square-type accounts:

  1. No monthly fees: If you do a low volume of credit card transactions each month, the fact that there are no monthly fees means this type of account saves you money.
  2. Simple fee structure:  Square has two rate categories, 2.75% for swiped transactions and 3.5% + $.15 cents for card-not-present. You always know up front exactly how much it will cost you to take a card.

Disadvantages of traditional accounts:

  1. Monthly fees:  These generally range from $5.00 per month to $15.00 per month, depending on the type of account and which credit card company you use. Remember, even though there are monthly fees, the percentage charged per transaction is much lower. So, as long as you are doing three or more inspections a month, this account is still cheaper than a Square-type of account.
  2. Fee structure is not as simple: There are usually three tiers of fees, and all of your transactions fall into one of these tiers. It is not as simple as Square’s one-rate-fits-all, but once you get used to the structure, statements for traditional accounts are easy to understand.

Disadvantages of Square-type accounts:

  1. Customer Support: When you finally do get hold of someone, they know nothing about you, your business or your industry. It can be very difficult for them to help when they don’t know anything about you.
  2. Higher percentage rates: On average, you pay about 1% more on every transaction when using Square instead of a traditional account.
  3. Daily Billing:  Transaction fees are taken out before the funds are deposited in your account. So, if you do a $400.00 card-not-present inspection, $385.85 shows up in your account. This makes it more difficult to reconcile your accounts, since the dollar amounts on your invoices do not match the deposits in your account.

To summarize, both Square and traditional credit card processing accounts have positive and negative features. If you have any questions about which type of account is right for you, please don’t hesitate to give us a call, and we will do our best to guide you.

To apply for a “Square” type of account with no monthly fees, click here.

If you are looking for a traditional account, please give us a call at 1-800-608-7363.

Why You Should Love Paying Credit Card Fees

lovecreditcardsOk, I realize you will probably never “love” paying credit card fees.  I should probably change the title to, “Why you should not want to shoot your credit card processor when you get your monthly statement.”  EVERY SINGLE BUSINESS ON THE PLANET HATES CREDIT CARD FEES.   If that is the case, why do the majority of businesses accept credit cards?….

Simple, because it makes them more than it costs them, if that wasn’t the case, they wouldn’t accept them.  How does this apply to home inspectors?  The same way it applies to all other businesses, i.e. people spend more when they pay with credit card.  There are literally dozens of studies that prove this time and time again, when people pay with plastic, they pay more.  When you go to Vegas, do you put dollar bills down on the table or plastic chips?  It has been proven that when people pay with plastic, they not only spend more, but are more impulsive.  How does this affect you as a home inspector?  In reality, it depends on if you offer any add on services.  Do you offer radon or mold testing?  How about septic or pool inspections?  Is your roof, attic, or foundation inspection an optional, “add on” product?  If you have any add on services like this, then you need to make sure your customers know, from the very first contact, that you accept credit cards instead of waiting until the inspection is over.  If you wait until the inspection is over to inform them that you accept credit cards, it is too late to take advantage of the benefits of giving your customers that option.  Over and over again, we see the businesses that encourage credit card use have significantly higher average transactions than those who don’t.  If you are looking to increase your income without having to increase the number of inspections, simply notifying customers, from the very first contact, that you accept credit cards, is an easy way to do it.

Get more inspections

Not only will customers spend more, on average, when they pay with credit cards but did you know currently 70% of Millennials (i.e. consumers ages 18-34) say they only shop at businesses that accept credit cards?  “Well,” you may say, “that is just the younger folks.”  Wrong! Nearly 58% of those ages 35-44 also say they only shop where credit cards are accepted.  Right now 64% of Americans report using less than 3 checks per month and 52% of Millennials say they do not even have checks.  Do the realtors who refer customers to you know which inspectors accept credit cards and which ones don’t?  I would be willing to bet that most do.  So, what happens when their client asks them if you, the one they referred, will accept their credit card?  Exactly….they tell them no and then refer them to someone else.  If you don’t accept credit cards, you are losing business, whether you know it or not.

Accepting credit cards is a simple way to increase your average transaction size and it ensures you are not losing business because you only accept cash or check.  As much as you hate those credit card fees, if accepting credit cards can increase your bottom line while saving you time and money (see my article on why it is important to get paid before the inspection to find out how receiving payment when you book the inspection will save you time and money) then getting that monthly statement from your credit card processor may just become the highlight of your month.

What to Expect When Your Are Accepting

whattoexpectNo one likes credit card fees and no one likes dealing with credit card processors.  However, in today’s world, accepting credit cards is simply a must (see articles, “Show me the Money,” and “Why you should love paying credit card fees”).  Since it is a necessary evil, it is extremely important that you understand the basics of credit card fees, contracts and red flags.  This article will focus on what you look out for when setting up an account with a new processor and best practices to follow to keep your current processor honest.

What to Expect:

Account Types, Discount Rates and Transaction Fees….

 

When looking for a new processor you need to know what fees to expect.  In this article I am going to assume that you are processing through your home inspection software (i.e. ISN, HIP, Horizon, Home Gauge, etc…) and that the transactions will be non-swiped (see article, “To Square or Not to Square” for information on swiped accounts).  There are two different types of accounts out there and neither one is inherently better than the other, the first is a tiered account and the second is an interchange plus account.  On a tired account there will be three rate tiers, Qualified, Mid-Qualified and Non-Qualified.  All transactions will fall into one of those tiers.  Qualified transactions are normal Visa, MasterCard or Discover transactions.  Mid-Qualified are rewards cards.  Non-Qualified are corporate cards, international cards and transactions where the zip code and security code don’t match.  Interchange plus accounts simply charge you a certain percentage (generally a set number of basis points) above cost, or interchange.  With both of these types of accounts you will also pay a per transaction fee.   The percentage that is charged with these types of accounts is referred to as a “discount rate.”

Monthly and Gateway Fees

On top of the discount rate and the per transaction fee, you will also generally have a monthly fee (again, refer to my article, “To Square or Not to Square” on accounts with no monthly fees).  This fee will usually be between $5.00 and $10.00 per month.  If you are processing through your home inspection software program, you will also have a gateway fee.  Depending on which payment gateway your software developer recommends, you will pay between $5.00 and $20.00 per month for the gateway.  The payment gateway is required for any and all online processing.  It is the security feature the card companies require to keep your customers information secure when processing online (or through a software program).

FANF Fee

A fun new fee was introduced by Visa in 2012 called the FANF fee.  This is a fee that will be on every single merchant account and is based on processing volume.  For the average home inspector it will be between $2 and $15.00 (which means you are processing between $0.00 and $39,000.00).  This fee comes directly from Visa and the individual processors have no say in the matter.

PCI Compliance Fee

PCI compliance is also a relatively new fee that is now on every merchant account.  Some charge it monthly, most charge it annually.  It can range from $60.00 to $150.00 per year.  Also, most processors will charge you more if you don’t do the required Visa/MC PCI compliance questionnaire every year.  The card companies require that each year you state that you are still compliant.  Each processor has different procedures for how you remain compliant and the each has different penalties if you don’t keep up with your compliance.  Make sure you find out what the compliance fee is, what the penalty for non-compliance is and what the procedure is for remaining compliant.

What to Look Out For:

Cancellation Fees and Contract Terms

The most important thing to watch out for when setting up a new merchant account is the cancellation fee.  Never sign an agreement with a processor that locks you into a term contract and charges a cancellation fee if you terminate early (many will lock you into a 3 year agreement).  If you are locked into a contract, they can then increase the rates to whatever they want knowing that if you cancel they get a lump sum cancellation agreement and if you stay, they make a killing on your processing fees.  So, again, do not ever sign a term agreement with any processor.

Junk Fees and Clubs

Also look out for junk fees.  Many processors will try to get you to sign up for equipment maintenance programs or club programs that add additional monthly fees.  Make sure you look at all the fine print to see if there are any additional hidden monthly fees.

Equipment Leases

Never, ever, ever, never, EVER sign a lease for equipment.  Please just trust me on this.  It is never, ever, ever, never, EVER worth it.

Start Up or Application Fees

You should never have to pay start up fees or application fees.  Just say no.

Smart Card Readers

Smart cards are a hot button topic right now.  You will receive phone calls from companies that will try to scare you into thinking you need new equipment that is smart card ready for when the government requires all merchants to use smart cards.  Simply put, it is not true.  You don’t need to update your equipment yet, the time may come someday, but we are not there yet.  Especially if you are processing through your home inspection software, this is something that simply does not apply to you so don’t get sucked in.

Keeping your current processor honest:

Assuming you are already processing, one of the easiest things you can do to make sure you don’t get taken advantage of, is to calculate your effective  rate every month.  To do this, you simply take the total amount you processed and divide it by the total amount in fees you paid.  If you do this every month, you will be able to see if there are any significant changes.  Now, because rates are determined by the card type your customer hands you, the effective rate is going to change a little bit every month, what you are looking for are changes that are larger than .25%.  I understand that most home inspectors hate dealing with this part of their business, but remember; your credit card processor sees your money before you do, so please, if you do nothing else, take 2 minutes each month and find out your effective rate.  If you do nothing else, this one small thing could save you hundreds of dollars per year.

Show Me The Money

showmethemoneyI hear all the time from home inspectors who are convinced that it is best to just accept payment once the home inspection is completed and never before.  The primary reasons they give me are, either,  “If there are changes to the home inspection at the time of inspection, then I don’t have to go back and adjust the transaction (i.e. give a partial refund or run the card for additional money)” or “If the home inspection gets cancelled, I don’t have to go back and give the customer a refund.”  These are both completely valid points.  However, receiving payment before the inspection is a “best practice”…

that every home inspector should try to follow.

Reduce cancellations

There are several reasons why you should always try to get payment before the inspection, first and foremost, because it makes you money.  I realize that most of you do not get a lot of cancellations and most of your cancellations are because, “the deal fell through and they no longer need a home inspection.”  However, please consider that if a customer decided to use someone other than you for whatever reason (for example, their realtor told them they should use “my guy,” or their neighbor mentioned that their brother in-laws second cousin is a home inspector, or simply because someone else will do it for $1.50 less), they are most likely not going to tell you that they are going to go with someone else.  They are going to tell you that the, “deal fell through,” and they no longer need the inspection.  Now, had you collected payment when they booked the inspection, they are much less likely to go with someone else because they have already paid for it.  If you can save one inspection per year using this best practice, you would probably cover most of your credit card processing fees for the entire year!

Save time, money and hassle

The other reason it is best to get payment before the inspection is to save time and hassle.  Not only will this practice reduce or eliminate your receivables, but it also makes the inspection much simpler.  I hear from inspectors all the time who love not having to turn into bill collector when the inspection is complete.  They truly appreciate being able to simply shake the customers hand, and move on to the next inspection.  I realize that taking payment onsite (weather cash, check or credit card) only takes about 5 minutes, but consider this; even if you are only doing 25 inspections a month, that adds up to 2 hours a month you are wasting collecting payment.  Add to that the time you spend making phone calls trying to track down payments from past inspections and you are spending almost one work week a year dealing with payment and collections.

Increase average transaction size

The final reason it is important to accept payment before the inspection is to let your customers know that you do, in fact, accept credit cards.  Check out my article, “Why You Should Love Paying Credit Card Fees,” to see how accepting credit cards, instead of cash or check, will increase your average income at each inspection.

I understand that no one likes paying credit card fees.  The goal is to make it so that the act of accepting credit cards makes you more money than it costs you.  By encouraging your customers to pay before the inspection takes place you will reduce your cancellations, reduce the wasted time collecting payments, increase the number of inspections you can do every year and increase the average income you make on each inspection.

To Square or Not To Square for Home Inspectors

paymentjackThe introduction of mobile payment options, like Square, have changed the landscape of credit card processing.  The question is, as a home inspector, is Square type of account right for you?  In this article, we will discuss the pros and cons of Square as well as other options that you, as a home inspector, may want to take a look at.

The first question you want to ask yourself when considering if a Square type of account is right for you, is….

“How much do I process in credit cards every month?” or “How much do I think I will process in credit cards every month?”  The number one advantage of a Square type account is that there are no monthly fees.   You may ask yourself how they are able to have no monthly fees when everyone else has them?  It is simple, they charge a much higher percentage on ever transaction.  Square charges 2.75% for swiped transactions and 3.5%  and $0.15 cents per transaction.  So, let’s say you do a home inspection for $400.00 and key in the transaction, it would cost you $14.15 (if it were swiped it would cost you $11.00).   If you are only doing 1-3 inspections a month on credit card, then Square (or a Square type of account) is probably something that would work for you.  If, however, you are doing 3 or more inspections a month on credit card, then that higher percentage starts to add up.

A traditional merchant account is generally going to have around $10.00 a month in set fees, however, the percentages are much lower.  There are two types of traditional accounts, a swiped account and a card not present account or MOTO (mail order telephone order) account.  These accounts will usually have three tiers of fees, qualified (swiped or card not present but with zip and security code), partially qualified (reward cards) and non-qualified (government, international or corporate cards).  On average you will pay around 1.9% – 2.4% for a traditional account when you take the different tiers into consideration.  So, with either the swiped account or the card not present account, you save almost 1.0% on all your transactions versus Square.  That is a savings of almost $10.00 on every $1,000 that you process.  In other words, if you are doing 3 or more inspections a month on credit cards, it is cheaper for you to have a traditional account instead of a Square account.

Advantages of traditional accounts:

  1. Integration capabilities:  If you are using some type of Home Inspection software (i.e. ISN, Home Inspector Pro, Home Gauge, Horizon, etc…) they give you the options to integrate your credit card processing with their software.  This will allow you to send your contracts and invoices with payment links and it will allow you to take credit cards onsite with their mobile apps.
  2. Customer support:  If you use Square and have ever tried to get a human being to help who understands your problem, you know what I am talking about.  No one likes to deal with any customer support, but you will generally have better luck with customer support when you have a traditional account versus Square.

3.Fees:  Although traditional accounts will always have monthly fees (varies based on the type of account but it will range from $5.00-$15.00 a month) the percentages you are charged can be significantly lower.  If you are doing more than 3 inspections per month on credit card, this type of account will be cheaper for you.

4.Monthly billing:  This makes your reconciliation much easier.  If you do a $400 inspection, then $400 will show up in your account the next business day.  The fees will all come out at one time the first business day of the next month.

5.Swiped or Card Not present accounts:  Based on how you want to process and if you want to integrate your credit card processing with your Home Inspection Software, you can get either one of these types of accounts.

Advantages of a Square type account:

1.No monthly fees:  If you do 3 or fewer inspections a month on credit card, the fact that there are no monthly fees means this type of account will save you money.

2.Simple fee structure:   Square has two rate categories, 2.75% for swiped and 3.5% + $.15 cents for card not present.  You will always know up front exactly how much it will cost you to take a card.

Disadvantages of a Square type of account:

  1. Higher percentage when you use it.  On average, you will pay about 1% more on every transaction when using Square instead of a traditional account.
  2. No Integration: There is no way to integrate your Square account with your Home Inspection software.
  3. Daily Billing:  The fees will be taken out before the funds are deposited in your account.  So, if you do a $400.00 card not present inspection,  $385.85 shows up in your account.  This makes it more difficult to reconcile your accounts since the dollar amounts on your invoices will not match the deposits in your account.

Disadvantages of traditional account:

  1. Monthly fees:  Generally range from $5.00 per month to $15.00 per month depending on the type of account and who you use (remember, even though there are monthly fees, the percentages are much lower.  So, as long as you are doing 3 or more inspections a month, this account is still cheaper than a Square type of account).
  2. Fee structure is not as simple: Their will usually be three tiers and all of your transactions will fall into one of these tiers.  It is not a simple one rate fits all like Square has. Although it is not as simple as Square, once you get used to it, statements from traditional accounts are easy to understand.

To summarize, both Square and Traditional credit card processing accounts have positives and negatives.  If you have any questions about which type of account is right for you, please don’t hesitate to give us a call.

T4220 Upgrade Program

Dear Valued Merchants,

CreateThumbNail (3)As you may know, the Hypercom 4200 series terminal software certificate will expire October 2015. In order to help our merchants with the transition of their outdated equipment, Total is launching a terminal Upgrade Program.

Total Merchant Services recently made a significant investment by purchasing all new Ingenico terminals for our Terminal Placement Program. The Ingenico iCT220 is EMV ready and can accept all NFC payment types like Apple Pay, Google Wallet and Samsung Pay. They also feature…..

Telium 2 technology for high-speed transaction approvals.
Outbound calls will be completed to those merchants currently processing through a Hypercom 4220 terminal series. We will offer the Upgrade Program under the following terms:

  • Merchants enrolled in the Merchant Advantage Program will pay a $99 upgrade fee
  • Merchants not enrolled in the Merchant Advantage Program will pay a $129 upgrade fee
  • Merchants not enrolled in the Merchant Advantage Program will be given the option to enroll to qualify for the discounted upgrade price of $99
  • The upgrade fee will be billed on the next merchant statement
  • This program will also be available to merchants who have reprogrammed terminals

If merchants upgrade by 4/30/2015, they will qualify to receive a $100 AMEX rebate Gift Card.

We encourage you tutilize this Upgrade Program.

If you have any additional questions, Please contact TMS Support at 888-848-6825 or our Office at 800-608-7363

Sincerely,

Guardian Financial

IMPORTANT: IRS Communication on it way.

A notification will be sent to some merchants regarding the TIN (Tax Identification Number) mismatch. An action is required from all merchants that are receiving the message.

If you do not take the appropriate action to resolve this problem you may be subject to a required backup withholding. The Federal backup withholding is 28%, in addition to a possible State tax withholding (percentage varies by state).

Merchants MUST:

  • Send a W-9 form or their issued IRS Department of the Treasury SS-4 form in order to prevent federal backup withholding.

Please click here to view a copy of the notice we will be sending.

Guardian is Ready for Apple Pay. Are You?

On the heels of our successful Groovv launch, Guardian is now focusing on cutting-edge terminal technology. Beginning October 20, we will offer Ingenico terminals as part of our free terminal placement program.

Guardian_ApplePay

This transition to Ingenico, a leader in the payment terminal industry, means that our customers will be able to accept contactless payments using the same NFC technology offered by Apple Pay, Google Wallet and Softcard. PLUS, the Ingenico terminals are EMV capable – delivering the latest in fraud prevention technology.

With these Ingenico products, we believe our customers will be ahead of the curve – translating into increased opportunities to grow their business.

As you may already know, EMV is the global standard for credit and debit cards. It uses an embedded microprocessor instead of the traditional magnetic stripe to help reduce instances of fraud. NFC technology is the system for the contactless payment available on Apple phones and watches, Google Wallet and Softcard.

In addition to the EMV and NFC capabilities, the Ingenico terminals offer an intuitive display for simple navigation, support for dial and high-speed IP communication and strong security to protect against physical device attacks.