Roswell, GA -- (SBWIRE) -- 04/28/2016 -- Since the acceptance of credit and debit cards as a form of valid payment methods, the amount of fraud-related thefts has drastically increased. In fact, according to a recent research, $16 billion in credit card fraud was reported solely in 2014. This makes us think whether there is actually a legit way to be completely sure that a card won't be compromised.
Although there is no such thing as being 100% safe from fraud, when the drastic rise in credit card fraud-related crimes was making its presence known, Europay, MasterCard, and Visa (EMV) have decided to create a "safer" payment method that will ensure customers their cards won`t be bypassed that easily. This method is called EMV standard. EMV chip cards are basically credit cards that include a chip embed within each card, which prevents hackers and thieves from bypassing card`s security. Although they might not be 100% effective every time, they are much safer than the regular credit and debit cards we use every day.
According to latest statistics, small companies are not showing as much concern for their security as companies like Apple or Microsoft are. Although their reasoning is quite logical, it`s inaccurate. No matter how much money one might have, thieves will always be there to steal it. That is a fact that smaller companies should always bear in mind when choosing a payment and a security method for their facilities.
With all this in mind, it is safe to say that businesses, large or small, should definitely consider acquiring EMV terminal(s) for their business. If not, they will slowly start losing even their most faithful customers. Not only that, but not implementing an EMV terminal puts their business at risk and at the mercy of cyber thieves.
Although not mandated, Netcom PaySystem can provide state of the art EMV ready equipment.
About Netcom PaySystem
To learn more about Netcom PaySystem payment processing solutions, simply fill out this quick online application to get started and a representative will be in contact within 24-48 hours or for faster service please feel free to contact us at 800-875-6680.
Netcom PaySystem prides itself on being eager to practice good, old-fashioned customer care as it is to pioneer new products. Netcom PaySystem is proud to provide the most up to date and innovative products such as m-Commerce Mobile Solutions, and Virtual Terminal solutions. In addition, the company offers the merchant access to POS Systems, ACH Check Services, Check Guarantee, Recurring Billing, Check21, BOC, Credit and Debit Card Processing, Gift and Loyalty Cards, and Merchant Working Capital. Netcom PaySystem's attrition rate is one of the lowest, if not the lowest in the industry. Netcom PaySystem can proudly boast that that only two to four percent of its clients ever leave the company, and out of that; close to 50 percent return within the first year. For more information, please visit http://netcompaysystem.com.
Company Name: Netcom PaySystem
Contact Person: Media Relations
Country: United States