Copperhead
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- Jun 24, 2008
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For the last two - three weeks I have gotten letters and phone calls (left messages) from my merchant processor wanting to speak with me about changes that may affect my business.
The letter stated that my current reader would not be able to process the new EMV cards and that they were offering a special deal on a new reader. I am assuming that since I did not bite, they started calling. Then another letter, since I did not answer, asking me to call. I did and finally made contact with Jan.
After hearing her out, I realized it is just a sales pitch to get me to purchase a new reader NOW. She said that as early as the end of the year I may not be able to process transactions because some banks would be changing over by then.
I asked (no answer) why I have been able to process such cards (chip/pin) from the UK as recent as this last month.
Searching (not long) I found that the card companies have set deadlines for merchants to be fully compliant with proper readers by 2015 or experience fees. I think my processor is seeing this as a way to push new machine sales NOW.
The letter stated that my current reader would not be able to process the new EMV cards and that they were offering a special deal on a new reader. I am assuming that since I did not bite, they started calling. Then another letter, since I did not answer, asking me to call. I did and finally made contact with Jan.
After hearing her out, I realized it is just a sales pitch to get me to purchase a new reader NOW. She said that as early as the end of the year I may not be able to process transactions because some banks would be changing over by then.
I asked (no answer) why I have been able to process such cards (chip/pin) from the UK as recent as this last month.
Searching (not long) I found that the card companies have set deadlines for merchants to be fully compliant with proper readers by 2015 or experience fees. I think my processor is seeing this as a way to push new machine sales NOW.