Which devices are compatible with SwipeSimple? It is not a legal requirement for you, however, it is recommended as not having an EMV chip card point of sale system increases the risk that you may lose a chargeback or dispute. Do I have to upgrade my current mPOS technology? If you do not update your system to accept EMV chip cards, you may be accountable for additional chargeback liability. Customers can feel more secure about paying at businesses. EMV has many security features to help battle payment fraud and protect card data. It is a global standard for credit and debit card payments with chip card technology. Swipe transaction with Swipe Simple Frequently Asked Questions What is EMV?ĮMV stands for Europay, Mastercard and Visa.
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