EMV Level 2 testing and certifications firm with Fairbit.com

EMV Level 2 testing and certifications company? Ideally, it’s customer facing and can detect when a chip card is swiped, prompting the customer to insert the card instead. Proper EMV processing protects businesses from bank-initiated chargebacks. Simple enough, right? It’s actually not. Every terminal must go through extensive testing to become EMV certified. Let’s get these levels of EMV certification explained.

EMV cards were never designed to prevent fraud when credit card numbers are stolen and used online (“card-not-present”). However, they were intended to be more secure than fraudulent magnetic stripe cards. Credit card data can be illegally captured at point-of-sale terminals and easily copied onto blank stripe cards with an encoder (see skimming).

If you are looking to migrate to EMV in the USA, please take a look at our more detailed EMV Page dedicated to U.S. EMV Migration. EMVCo published its latest EMV deployment figures in June 2016. In 2015, 35.8% of all chip card-present transactions – both contact and contactless – used EMV chip technology, this is up from 32% compared to 2014. There are now over 4.8 billion EMV payment cards in circulation, which is an increase of 1.4 billion in 2014.

Set your strategic payment decisions — leverage Fairbit Research insights and proprietary data assets. Achieve exceptional results — against mission-critical priorities with independent advice and support from our payment industry and solution experts. Embrace digital payment — harness payment knowledge to fuel business growth. Read extra info at EMV Level 2 testing and certifications services.