Posted by Amelia Whitehart on June 27, 2020 in Finance
EMV payment services? Level 3 EMV-Certified Smart Terminal – For businesses looking for a simple, intuitive payment application, our Smart Terminal is ideal. It communicates with our Virtual Terminal which logs all the transaction information that a traditional terminal would print out. Both proprietary to PayJunction, the pair streamlines your business workflow and covers your EMV needs. Open API for Easy Integration – Non-generic payment applications are able to integrate with our software and equipment to pass testing for level 3 compliance. This eliminates the need for individual testing and speeds up the availability of EMV certified terminals to businesses using customized applications.
EMV initially prevented fraudulent “card-present” transactions because the chip card, which encrypts the data and generates a unique transaction code for each purchase, was considered extremely difficult to duplicate. However, in 2018, crooks in Brazil were the first to figure out how to create valid EMV duplicates. See 3-D Secure.
In the United States, at the end of 2014, only 0.12% of transactions were EMV chip-based, however this is expected to rapidly increase as the U.S. undergoes EMV Migration. the EMV transition started to accelerate in 2015 and is continuing apace in the first half of 2016.
Our aim is to help companies to complete EMV Level 2 and Level 3 contact and contactless certification smoothly and in a short time. We use any test tools that the client selected to test cards, terminals, hosts, and payment networks. We provide payment testing & certification services to assist stakeholders. We help your team to give real-time answers to technical, and non-technical EMV questions and subjects. See additional info at EMV payment firm.