EMV Basics for POS Value Added Resellers & Merchants

emv basics and value added resellers and merchants

Understanding EMV and the nuances surrounding the liability shift is important to maintaining your position as the trusted technical advisor to your clients. This article will help cement your basic EMV knowledge while putting you in a position to accurately advise your merchants on how best to protect their business from EMV related losses.

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How credit card processing works

The below diagram and explanation illustrates the steps involved in a typical credit card sale.

Step 1

When your customer makes a purchase, the credit card number is swiped, manually entered or transmitted via a proximity device to the credit card payment device, POS system, virtual terminal or ecommerce shopping cart. The payment device then connects to Payment Logistics for a credit card authorization.

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