Security is the number one priority for consumers when it comes to making payments. When paying by credit card, it’s especially important that your customers feel confident that their personal payment data is protected.
Security is a major concern for businesses too. Payment security problems can cost you money and hit your bottom line through chargebacks and other associated fees.
Ensuring your credit card machine, or payment terminal, is equipped with the latest security standards is an important step in keeping your customers’ information secure. A federal mandate in 2015 required all U.S. merchants using countertop credit card machines to upgrade to terminals that are Europay, Mastercard, Visa (EMV) compliant, meaning they meet the top security standards within the industry.
EMV-compliant credit card terminals are also equipped with near-field communication (NFC) technology, meaning a customer can make a payment by holding their NFC-compatible device close to the terminal. This makes it virtually impossible for details to be intercepted while in use, offering peace of mind to you and your customers.
With a significant increase in customers making purchases via smartphone apps or through digital wallet providers like Apple Pay or Google Wallet, you need to be able to process these quickly and securely. Sage Mobile Payments’ NFC-equipped credit card machines allow you to do this.