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A World of Advantages
Accepting chip cards means increased security,
streamlined processing, and faster customer
service. Here is a closer look at each of
these benefits.
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Increased Security
When you accept chip cards, you gain a great
deal of safety advantages:
- Chip cards are more difficult
to counterfeit,
leading to a reduction in fraud.
- The use of a PIN provides an
additional
security feature for lost or
stolen cards.
- Fewer charge-backs benefit
merchants.
- Merchants who have chip terminals
are not
liable for the cost of card fraud
as long
as cashiers follow the directions
indicated
in terminal prompts and use the
routine security
practices of their establishment.
- Replacing cash with chip cards
reduces
the risks that result from handling
and storing
currency.
- Chip cards reduce the potential
for errors
and losses because they eliminate
the need
for paper reconciliation.
- Transaction records for chip
card payments
are completely electronic.
- Chip transactions don't rely
on sales assistants
to make difficult judgments about
signature
validation. All they have to
do is follow
the terminal prompts.
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Streamlined Processing
Chip cards can save you time and money by:
- Reducing paperwork, because
there are fewer
signed receipts to handle and
store.
- Cutting down on exception handling,
referrals,
and charge-back processing.
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Faster, More Convenient Customer Service
Chip card technology can lead to speedier
service, which can mean happier customers
and higher volume:
- Chip cards often do not require
online
authorizations, so transactions
can be processed
much more quickly.
- When combined with the use
of a PIN, there
is no sales slip to be signed
or filed, and
the register is opened less frequently,
reducing
labor and risk.
- Chip gives you the opportunity
to offer
your customers self-service terminals
to
pay for products with no waiting.
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Merchant Forum
Click here to access the Merchant Forum - an area where
merchants can post their EMV migration questions
and get responses from industry experts.
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Documents for Download
Background Information
This document provides background information
on chip technology and its implementation
in Canada. Find out how the payment brands
support this strategic decision and how it
benefits you as a merchant.
Please note that this information
has been
provided by the Program Management
Office
on behalf of the Chip Trial Steering
Committee
participants. Questions regarding
these materials
should be directed to Tracey
Black, Director,
KW Chip Trial PMO, phone 416
203-5252, email
tracey.black@gfhgroup.ca
Definitions
This document provides definitions of frequently
used words and phrases related to chip migration.
Please note that this information
has been
provided by the Program Management
Office
on behalf of the Chip Trial Steering
Committee
participants. Questions regarding
these materials
should be directed to Tracey
Black, Director,
KW Chip Trial PMO, phone 416
203-5252, email
tracey.black@gfhgroup.ca.
Guidelines for PIN Transactions
An overview of chip and PIN transaction guidelines,
including topics such as inserting the cards
to dealing with locked PINs.
EMV Certification Overview for
Merchants
This document has been designed by Canadian
Acquirers and Payment Brands in order to
clarify the EMV device compliance process
for merchants with integrated Point of Sale
(POS) systems.
Please note that this information has been
provided by the Program Management Office
on behalf of the Chip Trial Steering Committee
participants. Questions regarding these materials
should be directed to Tracey Black, Director,
KW Chip Trial PMO, phone 416 203-5252, email
tracey.black@gfhgroup.ca.
EMV Chip Implementation Milestone
Guidelines
This document has been designed by Canadian
Acquirers and Payment Brands to provide merchants
with integrated Point of Sale (POS) systems
with information regarding key milestones
involved in the implementation of an EMV
compliant Point of Sale (POS) solution.
Please note that this information
has been
provided by the Program Management
Office
on behalf of the Chip Trial Steering
Committee
participants. Questions regarding
these materials
should be directed to Tracey
Black, Director,
KW Chip Trial PMO, phone 416
203-5252, email
tracey.black@gfhgroup.ca.
Merchant FAQs
A list of frequently asked questions related
to merchants.
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