Merchant Processing Management Solutions For Every Organization.
Manage all your credit card processing needs: Mobile processing, Apple Pay, POS terminals, EMV security education and setup.
Increase ROI and decrease cost all under one roof.
Credit Card Processing: What We Look For
Batched compares the costs, setup times, contract requirements, security compliance, acceptance of new payment system and customer service offered by credit card processing companies. We evaluate each processor using the following categories:
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- Exclusive Technology
- Multiple Provider Matching
- Professional ready-made POS
- Merchant Coaching
- Best Rates in the Industry
- 100% customer satisfaction
- Premium Tools for growth
- Tested with hundreds of merchants
EMV stands for Europay, Mastercard and Visa , the three companies which originally created the standard. The standard is now managed by EMVCo, a consortium with control split equally among Visa, Mastercard, American Express and many others.
EMV is a standard for smart payment cards and for payment terminals and ATM’s which can accept them. EMV cards are smart cards (also called chip cards) which store their data on integrated circuits rather than magnetic stripes, although many EMV cards also have stripes for backwards compatibility. They can be contact cards which must be physically inserted into a reader, or contactless cards which can be read over a short distance using radio-frequency identification (RFI) technology. Payment cards which comply with the EMV standard are often called “Chip and Pin”or “Chip and Signature”, depending on the authentication methods required to use them.
EMV chip card transactions improve security against fraud compared to magnetic stripe card transactions that rely on the holder’s signature and visual inspection of the card. The use of a PIN and incrypted algorithms provide authentication of the card to the processing terminal and the card issuer’s host system. The expected increased protection from fraud has allowed banks and credit card issuers to push through a ‘liability shift’ such that merchants are now liable (as from October 1, 2015 in the U.S.) for any fraud that results from transactions on systems that are not EMV compliant.
Apple Pay is a mobile payment service that lets certain Apple mobile devices make payments at retail and online checkout. It digitizes and replaces the credit or debit magnetic stripe card transactions. The service lets Apple devices wirelessly communicate with point of sales (POS) systems using a near field communication (NFC) antenna, a “dedicated chip that stores encrypted payment information.” The service is compatible with most compatible Apple devices and ApplePay capable payment terminals.
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