It's that NEW YEAR you've been waiting for: whattareyou going to do with it?
GREAT NEWS!
David Daniels has made great progress in our mginterface -- am lovin' the great selection of training videos. For example, if you want to know how the PayAnywhere unit works, watch the
training video HERE. (This is just one of the excellent trainer vids in YOUR MGINTERFACE. Just log in there and see how SIMPLE Merchant Guard is.)
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NEWS: The first PayAnywhere unit order in the New Year was placed early New Year's Day by an Agent in Missouri who is so new his paperwork hasn't even been processed yet! Don't look now but I think he's one of these guys:
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| Way to start, Delbert! |
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NEWS:
Most U.S. credit cards will have microchips by end of 2015
The long expected migration of the U.S. payment system to the Europay
MasterCard Visa (EMV) smartcard standard finally appears to be
gathering steam.
The Aite Group Tuesday issued a report projecting
that 70% of all U.S. credit cards, and about 41% of debit cards -- 1.1
billion cards in total -- will be EMV-enabled by the end of 2015.
Interviews with 18 of the top 40 credit and debit card issuers,
including 7 of the top 10, show that banks are moving full speed ahead
with EMV implementation plans, Aite Group research director Julie Conroy
said today.
"A majority of Americans will have EMV cards in their
wallets by the end of 2015," she said.
But unlike in many other
countries where EMV cardholders are required to enter a Personal
Identification Number (PIN) for in-person transactions, just a signature
will be required in the U.S.
EMV credit
and debit cards use a microchip instead of a magnetic stripe to hold the
data needed to process transactions. Experts consider such cards to be
substantially safer than magnetic stripe cards, especially when a PIN is
used.
Though other countries moved to the technology years ago,
U.S. retailers and banks only began recently amid heightening credit and
debit card fraud rates.
Visa and MasterCard currently require
U.S. retailers to implement technology for supporting EMV transactions
no later than October 2015. However, they do not require card issuers
or merchants to require PINs.
After the October 2015 deadline,
merchants that do not have EMV infrastructure in place will face greater
liability exposure in the event of a data breach.
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In order for a merchant to transition his terminal over to a chip-reading terminal
without spending hundreds of dollars for the new state-of-the-art equipment,
he can be your customer and GET THE EQUIPMENT FREE!
Guys, Mike and I have been in the marketing industry for many years but we have NEVER stood at the open door of such a market migration as this!
TAKE ACTION NOW TO DECIDE your future.
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Talk to you Sunday night: details at right of screen for conference call.
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Best wishes and travels to Agent Leslie Juencke who is relocating to Sacramento area. She just added an awesome young professional to her team right here in Fresno and will continue to be a great leader from 'up nawth' where her team of Agents and merchants keeps on growing!
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In
October 2015, the much-discussed Payment Networks’ Liability Shift
associated with EuroPay, MasterCard, and Visa (EMV) is due to take
effect in the United States. It’s a major milestone for financial
companies (meaning banks and credit unions), credit card issuers,
retailers, and more. There is a great deal of information, and
misinformation, afloat regarding the
US EMV migration roadmap as presented by the Payment Networks. Shedding some light on the realities involved is helpful for everyone concerned.
There are an estimated 1.24 billion payment cards and 15.4 million
POS terminals currently in use, most of them in other countries. Making
global financial transactions work across many cards and devices are
smart chips embedded within new EMV-compliant credit and debit cards.
These chips make interfacing with the various POS terminals possible.
However, the EMVCo standard has yet to be adopted globally, a situation
that the Payment Networks’ EMV migration roadmap for the US intends to
correct. To date, Europe, Canada, Latin America, and the Asia/Pacific
region are all well on their way with migrating from the legacy
magstripe standard to EMV chip card technology. The U.S., the world’s
single largest user of payment cards, has just begun the process.
However, the potential impacts of being the last bastion of magstripe
technology is forcing U.S. financial entities to take the idea
seriously.
The main driver behind the EMV migration is card-related financial
fraud. Despite the best efforts of global law enforcement agencies,
global losses have risen steadily, increasing pressure to find a global
solution. Annual costs of card fraud in the U.S. alone are estimated at
$8.6 billion per year. Experts believe that figure will rise to $10
billion or higher by 2015, especially if the U.S. does not make
significant progress with chip card adoption.
The rising cost of fraud is accompanied by a concurrent rise in
mobile payments. In 2010, the total gross dollar volume of mobile
payments in the U.S. alone was $16 billion; some experts expect this
volume to rise to $214 billion by 2015. If ever there was a time to
ensure compliance with a global chip-compatibility strategy that reduces
fraud, it’s now. This is especially true in light of the fact that many
countries are now considering banning traditional magnetic stripe
cards, a technology standard in use for over 40 years.
- See more at: http://www.paymentsleader.com/will-retailers-be-ready-for-emv-by-oct-2015/#sthash.LYYbdDEb.dpuf
In
October 2015, the much-discussed Payment Networks’ Liability Shift
associated with EuroPay, MasterCard, and Visa (EMV) is due to take
effect in the United States. It’s a major milestone for financial
companies (meaning banks and credit unions), credit card issuers,
retailers, and more. There is a great deal of information, and
misinformation, afloat regarding the
US EMV migration roadmap as presented by the Payment Networks. Shedding some light on the realities involved is helpful for everyone concerned.
There are an estimated 1.24 billion payment cards and 15.4 million
POS terminals currently in use, most of them in other countries. Making
global financial transactions work across many cards and devices are
smart chips embedded within new EMV-compliant credit and debit cards.
These chips make interfacing with the various POS terminals possible.
However, the EMVCo standard has yet to be adopted globally, a situation
that the Payment Networks’ EMV migration roadmap for the US intends to
correct. To date, Europe, Canada, Latin America, and the Asia/Pacific
region are all well on their way with migrating from the legacy
magstripe standard to EMV chip card technology. The U.S., the world’s
single largest user of payment cards, has just begun the process.
However, the potential impacts of being the last bastion of magstripe
technology is forcing U.S. financial entities to take the idea
seriously.
The main driver behind the EMV migration is card-related financial
fraud. Despite the best efforts of global law enforcement agencies,
global losses have risen steadily, increasing pressure to find a global
solution. Annual costs of card fraud in the U.S. alone are estimated at
$8.6 billion per year. Experts believe that figure will rise to $10
billion or higher by 2015, especially if the U.S. does not make
significant progress with chip card adoption.
The rising cost of fraud is accompanied by a concurrent rise in
mobile payments. In 2010, the total gross dollar volume of mobile
payments in the U.S. alone was $16 billion; some experts expect this
volume to rise to $214 billion by 2015. If ever there was a time to
ensure compliance with a global chip-compatibility strategy that reduces
fraud, it’s now. This is especially true in light of the fact that many
countries are now considering banning traditional magnetic stripe
cards, a technology standard in use for over 40 years.
- See more at: http://www.paymentsleader.com/will-retailers-be-ready-for-emv-by-oct-2015/#sthash.LYYbdDEb.dpuf
In
October 2015, the much-discussed Payment Networks’ Liability Shift
associated with EuroPay, MasterCard, and Visa (EMV) is due to take
effect in the United States. It’s a major milestone for financial
companies (meaning banks and credit unions), credit card issuers,
retailers, and more. There is a great deal of information, and
misinformation, afloat regarding the
US EMV migration roadmap as presented by the Payment Networks. Shedding some light on the realities involved is helpful for everyone concerned.
There are an estimated 1.24 billion payment cards and 15.4 million
POS terminals currently in use, most of them in other countries. Making
global financial transactions work across many cards and devices are
smart chips embedded within new EMV-compliant credit and debit cards.
These chips make interfacing with the various POS terminals possible.
However, the EMVCo standard has yet to be adopted globally, a situation
that the Payment Networks’ EMV migration roadmap for the US intends to
correct. To date, Europe, Canada, Latin America, and the Asia/Pacific
region are all well on their way with migrating from the legacy
magstripe standard to EMV chip card technology. The U.S., the world’s
single largest user of payment cards, has just begun the process.
However, the potential impacts of being the last bastion of magstripe
technology is forcing U.S. financial entities to take the idea
seriously.
- See more at: http://www.paymentsleader.com/will-retailers-be-ready-for-emv-by-oct-2015/#sthash.LYYbdDEb.dpuf
In
October 2015, the much-discussed Payment Networks’ Liability Shift
associated with EuroPay, MasterCard, and Visa (EMV) is due to take
effect in the United States. It’s a major milestone for financial
companies (meaning banks and credit unions), credit card issuers,
retailers, and more. There is a great deal of information, and
misinformation, afloat regarding the
US EMV migration roadmap as presented by the Payment Networks. Shedding some light on the realities involved is helpful for everyone concerned.
There are an estimated 1.24 billion payment cards and 15.4 million
POS terminals currently in use, most of them in other countries. Making
global financial transactions work across many cards and devices are
smart chips embedded within new EMV-compliant credit and debit cards.
These chips make interfacing with the various POS terminals possible.
However, the EMVCo standard has yet to be adopted globally, a situation
that the Payment Networks’ EMV migration roadmap for the US intends to
correct. To date, Europe, Canada, Latin America, and the Asia/Pacific
region are all well on their way with migrating from the legacy
magstripe standard to EMV chip card technology. The U.S., the world’s
single largest user of payment cards, has just begun the process.
However, the potential impacts of being the last bastion of magstripe
technology is forcing U.S. financial entities to take the idea
seriously.
The main driver behind the EMV migration is card-related financial
fraud. Despite the best efforts of global law enforcement agencies,
global losses have risen steadily, increasing pressure to find a global
solution. Annual costs of card fraud in the U.S. alone are estimated at
$8.6 billion per year. Experts believe that figure will rise to $10
billion or higher by 2015, especially if the U.S. does not make
significant progress with chip card adoption.
The rising cost of fraud is accompanied by a concurrent rise in
mobile payments. In 2010, the total gross dollar volume of mobile
payments in the U.S. alone was $16 billion; some experts expect this
volume to rise to $214 billion by 2015. If ever there was a time to
ensure compliance with a global chip-compatibility strategy that reduces
fraud, it’s now. This is especially true in light of the fact that many
countries are now considering banning traditional magnetic stripe
cards, a technology standard in use for over 40 years.
- See more at: http://www.paymentsleader.com/will-retailers-be-ready-for-emv-by-oct-2015/#sthash.LYYbdDEb.dpuf
In
October 2015, the much-discussed Payment Networks’ Liability Shift
associated with EuroPay, MasterCard, and Visa (EMV) is due to take
effect in the United States. It’s a major milestone for financial
companies (meaning banks and credit unions), credit card issuers,
retailers, and more. There is a great deal of information, and
misinformation, afloat regarding the
US EMV migration roadmap as presented by the Payment Networks. Shedding some light on the realities involved is helpful for everyone concerned.
There are an estimated 1.24 billion payment cards and 15.4 million
POS terminals currently in use, most of them in other countries. Making
global financial transactions work across many cards and devices are
smart chips embedded within new EMV-compliant credit and debit cards.
These chips make interfacing with the various POS terminals possible.
However, the EMVCo standard has yet to be adopted globally, a situation
that the Payment Networks’ EMV migration roadmap for the US intends to
correct. To date, Europe, Canada, Latin America, and the Asia/Pacific
region are all well on their way with migrating from the legacy
magstripe standard to EMV chip card technology. The U.S., the world’s
single largest user of payment cards, has just begun the process.
However, the potential impacts of being the last bastion of magstripe
technology is forcing U.S. financial entities to take the idea
seriously.
The main driver behind the EMV migration is card-related financial
fraud. Despite the best efforts of global law enforcement agencies,
global losses have risen steadily, increasing pressure to find a global
solution. Annual costs of card fraud in the U.S. alone are estimated at
$8.6 billion per year. Experts believe that figure will rise to $10
billion or higher by 2015, especially if the U.S. does not make
significant progress with chip card adoption.
The rising cost of fraud is accompanied by a concurrent rise in
mobile payments. In 2010, the total gross dollar volume of mobile
payments in the U.S. alone was $16 billion; some experts expect this
volume to rise to $214 billion by 2015. If ever there was a time to
ensure compliance with a global chip-compatibility strategy that reduces
fraud, it’s now. This is especially true in light of the fact that many
countries are now considering banning traditional magnetic stripe
cards, a technology standard in use for over 40 years.
- See more at: http://www.paymentsleader.com/will-retailers-be-ready-for-emv-by-oct-2015/#sthash.LYYbdDEb.dpuf
