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Billions, yes Billions every year are lost by merchants due to fraudulent transaction both online and in stores. Why? Easy; criminals are keeping pace with credit card security developments.
However, with the adoption of EMV in the US and the added security of tokenization and end-to-end encryption, that number is starting to go down dramatically.
Today JetPay is leading the field in the adoption of EMV with "Chip-N-Dip" ready terminals and some of the most advanced prevention measure to date to defeat credit card crime.
When a consumer makes an in-store purchase with a chip-enabled card, potential fraudulent activity occurs when your business is not using a chip-enabled reader.
Protect your business with JetPay’s full suite of tools including E.M.V capable readers, real-time security reporting, and tokenization.
Using EMV terminals reduces chargebacks due to fraudulent payments, gives confidence to your customers about their security, and discourages fraudulent activity.