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EMV chip cards and how they affect you



EMV chip cards and how they affect you

As more and more consumers are using chip cards from their issuers, you as a merchant may be wondering how this affects your business. EMV chip cards are an important key to mitigating the risk of counterfeit fraud in a card-present environment.

If you are a restaurant or retail business owner, the following chart shows the types of cards that you may encounter and their processing options. As part of the secure verification process, chip cards must be dipped (inserted into the terminal’s chip reader slot). Depending on the card issuer, there may be different verification processes, such as the requirement of a signature or PIN entry.

Processing Method (All EMV Cards)

Card is 'dipped' by inserting into the EMV slot on the terminal for processing.

Retail

Restaurant

Credit/Debit Prompt (EMV Check Cards)

For check cards with an EMV chip, the cardholder is prompted to select between credit or debit.

Verification Method

Depending on the card issuer, EMV cards may have different methods of verification.

  • Chip and Signature (EMV Credit Transactions)

    After the card is dipped, cardholder is required to sign the printed receipt.

  • Chip and PIN (EMV Credit or Debit Transactions)

    After the card is dipped, cardholder is prompted to enter a security PIN for verification.

*

Tip Adjustment

Retail/Restaurant businesses have options as to how tips can be processed.

  • Tip Prompt Option

    Merchant/cardholder is prompted to enter a tip amount at the time of sale.

  • Tip Line Adjustment Option

    Receipt will print out with a tip line for tip adjustment after the sale.

**
* May vary depending on the processor or card issuing bank. ** Only applies to certain retail industries. Please contact us to determine eligibility.

MOTO – If you do business in a mail/telephone order environment, you will not be impacted unless you process cards face to face, in which case the "RETAIL" guidelines above would apply.

Internet – Since EMV only affects card-present transactions, there will be no impact on internet transactions.

Note: Functions/options listed will vary based on card issuer and terminal types.

For more information on EMV, please visit www.usbsi.com/emv.
To confirm if your terminal is EMV compliant, contact us today at 888-468-1155.