Moneris Self-certifies EMV Solutions for Five Major Card Brands
Moneris Solutions Corporation has announced it has been accredited to self-certify EMV-chip and PIN, and chip and signature terminals for five major credit card brands. With this authorization, Moneris is the only processor in North America with the ability to perform self-certification for merchants on behalf of American Express, Discover, MasterCard, Visa and Union Pay.
Today, businesses making the transition can have their EMV contact- and contactless-enabled solutions certified faster, easier and more affordably. Payment processing self-certification eliminates the need to engage third party service providers that review payment terminal tests and sign-off for these solutions to go to production. As an accredited processor for payment self-certification, Moneris is able to complete these requirements in-house, offering greater control and faster time to market.
The U.S. experiences $8.5 billion in annual fraudulent transactions; however, with the migration to EMV, 92 percent of professionals believe that these chip-enabled cards will be effective in reducing point-of-sale (POS) fraud.¹ Moneris has helped more than 95 percent of its merchant base in Canada become EMV-enabled and is equipped with the necessary resources to support chip-cards in the U.S. today.
Recently, Moneris worked with Amber Systems Technologies, a developer of POS software for the restaurant, specialty retail, grocery and other industries, to integrate EMV chip-card acceptance into their POS restaurant management software. As a result, businesses signing up for business solutions like Vigore POS that are integrated with Moneris payments, will be ready to start processing EMV transactions faster.
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Today, businesses making the transition can have their EMV contact- and contactless-enabled solutions certified faster, easier and more affordably. Payment processing self-certification eliminates the need to engage third party service providers that review payment terminal tests and sign-off for these solutions to go to production. As an accredited processor for payment self-certification, Moneris is able to complete these requirements in-house, offering greater control and faster time to market.
The U.S. experiences $8.5 billion in annual fraudulent transactions; however, with the migration to EMV, 92 percent of professionals believe that these chip-enabled cards will be effective in reducing point-of-sale (POS) fraud.¹ Moneris has helped more than 95 percent of its merchant base in Canada become EMV-enabled and is equipped with the necessary resources to support chip-cards in the U.S. today.
Recently, Moneris worked with Amber Systems Technologies, a developer of POS software for the restaurant, specialty retail, grocery and other industries, to integrate EMV chip-card acceptance into their POS restaurant management software. As a result, businesses signing up for business solutions like Vigore POS that are integrated with Moneris payments, will be ready to start processing EMV transactions faster.
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