At Aireus We build our credit card interfaces using either a direct interface to a processor or we work through hospitality industry partner gateways. The industry trend for security reasons is not for a point of sale company to store any credit card numbers or sensitive data on either a locally installed computer or the cloud, this prevents hackers from being able to access sensitive card information directly from servers and or devices directly. The concept is the point of sale only pass small amount of data such as check totals and tip information to the processor and gateway and they handle the rest using heavily encrypted methods. Once a transaction is approved the point of sale system receives an approval code and can close the transactions for secure processing.
EMV — which stands for Euro-pay, MasterCard and Visa — is a global standard for cards equipped with computer chips and the technology used to authenticate chip-card transactions. In the wake of numerous large-scale data breaches and increasing rates of counterfeit card fraud, U.S. card issuers are migrating to this new technology to protect consumers and reduce the costs of fraud. EMV is based on strong cryptography and elaborate key management; a fundamental EMV principle is to digitally sign payment data to ensure transaction integrity. The difference from magnetic stripe technology is that a chip is extremely difficult to crack; card authentication and PIN verification are performed automatically and objectively by the chip
An important aspect of EMV is its use of dynamic data. Each transaction carries a unique ‘stamp’ which prevents the transaction data from being fraudulently reused, even if it is stolen from a merchant’s or processor’s database. EMV’s dynamic data feature means that if you can’t prevent data from being stolen, make the stolen data useless because dynamic data is only useful for the sole transaction it characterizes. For merchants and financial institutions, the switch to EMV means adding new in-store technology and internal processing systems and complying with new liability rules. For consumers, it means activating new cards and learning new payment processes. Most of all, it means greater protection against fraud. EMV cards may be called any of the following terms: Smart card, Chip card, Smart-chip card, Chip-enabled smart card, Chip-and-choice card (PIN or signature), EMV smart card and EMV card.
Square is a financial services, merchant services and mobile payment company based in San Francisco With Millions of Users Square is a modern credit card services provider.
Vantiv offers a wide variety of in-store payment technologies. When it comes to cards, we utilize the latest in EMV chip technologies to help stop in-store fraudulent activity.
Merchant Link is a leading payment gateway and data security solutions, removing the risk of payments for more than 400,000 hotel, restaurant and retail locations.
BridgePay Solutions is a transaction gateway company specializing in providing turnkey payment application solutions. Utilizing industry leading data security technology.
Everyday, more than 65,000 businesses, ranging from Fortune 500 companies to youthful startups, use CardConnect to securely process and manage their transactions.
Square Secure provides industry-leading security with PCI-compliant systems included at no charge. We also cover up to $250 in qualifying chargebacks per month and help resolve chargebacks for you, so you can focus on your next sale.