Payment Security: EMV Migration and Beyond with Randy Vanderhoof

Business officers who want to stay current with the changing payments market and payments security standards need a plan for how to get merchants and business centers up to date with the latest payment methods and security standards. The payments industry in the United States is migrating to EMV chip technology, replacing the magnetic-stripe bank cards and point-of-sale (POS) terminals that have been in use for decades. EMV-compliant chip cards offer better security for card-present transactions by making every transaction unique. In addition, chip cards are more difficult to counterfeit or copy. Hear an expert discuss alternatives and how to avoid increased financial risk and exposure while preparing to meet the needs of your students now and in the future.