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Changes That Affect Small Business Owners on October 1st 2015 - Understanding Credit Card Processing

Aug
11
2015
Tue 5:30 PM to 6:30 PM

The winds of change are blowing! On October 1st major changes in EMV (Europay, MasterCard, and Visa) processing will take effect in the United States. Be sure your business is ready. PCI Compliance (Payment Card Industry Data Security Standard) and Security Breaches will also be discussed. •EMV – Say goodbye to the stripe and hello to the chip. EMV (Europay, MasterCard, and Visa) is the global standard for payment processing technology and in October 2015, EMV is due to take effect in the United States. EMV uses an integrated chip embedded in the card to hold all the cardholder information previously stored on the magnetic stripe and more. It contains advanced security technology that can help reduce data fraud. •PCI Compliance- Payment Card Industry Data Security Standard – a set of parameters established by the card industry that is designed to ensure that a secure working environment exists for all merchants that process, store, or transmit credit, debit and pre-paid card information. All merchants that accept payment cards must follow these requirements to be considered compliant. •Security Breaches – Most Merchants take careful steps to protect their customer data, however, high tech criminal practices, employee theft and even simple human error are part of today’s business equation. Unfortunately, business size doesn’t translate to safety. Industry statistics indicate that up to 85% of security breaches take place in smaller businesses.

Speaker(s): TransFirst - First in Secure Electronic Payments


Fee: No Cost

Phone: 704.991.0355

Location

Stanly Community College Small Business Center
143 N. 2nd St., Albemarle, NC 28001
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