July 2015

Orion’s trusted partner for Credit/Debit card processing has an important announcement regarding EMV technology that we want to share with our readers.

First off, what is EMV?

EMV is a chip technology used globally in place of magnetic stripe. EMV chip technology helps to reduce card fraud in a face-to-face card-present environment, provides global interoperability and enables safer and smarter transactions across contact and contactless channels. EMV was conceived by EuroPay, MasterCard and Visa (EMV). This group now includes representatives from all major world brands including American Express, Discover, etc.

Why EMV and why now?

EMV has been the credit card standard in most industrialized nations for years. The United States is among the last hold-outs, and technically-advanced criminals have exploited that situation. EMV is a much more secure model for processing payments, so thieves have naturally gravitated toward the easier-to-steal data on magnetic stripe cards. The result has been a series of high-profile and damaging card data breaches. In fact, while the U.S. accounts for only a quarter of the world’s transactions, about half of all credit card fraud happens in the United States. EMV will correct that disparity and help make digital commerce safer.

The OpenEdge EMV Solution

Our solution delivers an integrated, certified secure payment processing solution that minimizes the level of effort needed for implementation and includes ongoing updates to keep the payment processing technology current. The OpenEdge EMV solution supports multiple peripheral device options and is Card Brand-certified.

Visit the OpenEdge website for more information or contact the Support Desk.