As we approach the one year anniversary of America’s switch from magstripe credit card readers over to EMV chip cards, the track record for them is not good. The new reader, which will ship in spring 2015, is the first Square device to deal with EMV technology, meaning it has the ability to process payments made with credit cards embedded with computer.

Hi Kathy, What “face-to-face transaction” means here is if the customer physically has to insert or swipe the card in the machine in order to complete the purchase (think of when you go to the grocery store, you usually have to either swipe or insert your card into the EMV terminal, this is a face-to-face transaction). Buy microsoft office household for mac. An over the phone transaction is just that, over the phone (think of if you order delivery food and you pay by card over the phone, you are not face-to-face), it is not physically done as though you were at the grocery store. I hope this helps. I use Elavon for card processing.

If you do many charges, the better security of card readers that can read the chip, will have some advantages such as better fraud protection and not needing to scan the magnetic strip multiple times to get it to work. Another reason to get a card reader that reads the chip is that eventually, the banks may hold the artist responsible for any credit card fraud if you accept a credit card charge by using the magnetic strip.

“We’re a giant credit-card market, and there are a lot of cards that have to be replaced,” he said. “I don’t know how many credit cards the average American has, but it isn’t one.” Many credit-card issuers are like Des Moines-based Bankers Trust, which started a slow roll-out of chip credit cards in August. Existing credit customers will receive chip cards as their old magnetic stripe cards expire or upon request. Debit cards won’t be updated until next year, said Stephen Sladek, the bank’s commercial banking product manager.

Step 1 is to insert the card at the bottom of the terminal, with the chip toward the terminal facing up. That's instead of swiping the magnetic stripe along the side of the machine. Many new terminals will support both methods, as well as NFC payments via smartphones and smartwatches such as the latest iPhones or the Apple Watch, which use Apple Pay. NFC payments are usually done by just touching, or nearly touching, a device to a payment terminal and entering a confirmation on the phone. In addition to “touch and pay” with a smartphone, some retailers like Rite-Aid will support the ability to touch the terminal with a chip card to pay. GoChipCard.com Credit card companies have posted this graphic on GoChipCard.com to describe how to use a chip card.