FAQ: EMV Chip Card Payment Technology 6


What is EMV?

Where can I get an EMV PIN Pad for QuickBooks POS?

What is chip technology?

What makes EMV different than the traditional magnetic stripe card payment?

What other incentives are there to accept chip cards?

Is this technology unique to the United States?

Why should I invest in chip card acceptance now?

Are there any best practices for EMV migration?

What does EMV migration mean for card-not-present (CNP) merchants?

How am I impacted by the liability shift?

Why should I partner with QB Services to implement this technology?

EMV for Small Business

How is a chip card different from a traditional payment card?

What do I do when a customer presents a chip card?

How does EMV chip technology work?

Will I still be able to accept traditional credit and debit cards?

How will chip cards impact the checkout experience at my business?

What do I do if my customer is using their chip card for the first time?

Am I required to support EMV?

What if I have more questions?


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6 thoughts on “FAQ: EMV Chip Card Payment Technology

  • Tim

    This is great information except quickbooks pos does not currently support emv payments (please correct me if I’m wrong) and I have spoken with multiple intuit sales and tech reps who have said that they are just now starting to engineer a solution. This tells me they are either trying to figure out how to make a ton of money off of the businesses being basically required to change over or they don’t care. I currently run pos 10 and was planning to upgrade but am now stuck in limbo as I will not upgrade until emv and realistically nfc is supported. Do you have knowledge of their plans to expand quickly. I want to be ahead of the pack like you recommend but am currently limited by quickbooks pos. I appreciate your response.

    • Peter

      Thanks for the input Tim!
      As a ProAdvisor for Intuit, we have been keeping an eye out for news on this front.
      I will attempt to reassure you that Intuit certainly has a set plan in place to rollout solutions for their merchants well ahead of the Oct. 2015 deadline.
      With such a large customer-base, it will almost certainly be done in a number of stages.
      Although I cannot share internal documents, I will relay that I have seen the pre-release of an email Intuit is sending out to their current PIN Pad customers in the immediate future. The document states that current PIN Pad merchants will be receiving a replacement EMV PIN Pad in the mail soon. I would imagine this is stage one of the EMV Rollout over the next year.
      In other words, hang tight and I believe you will be informed in due time. Thanks!

  • Drew

    Does QB POS 2014 currently support EMV cards? I ran one through our card swipe and it did process, I’m not clear if it processed as a true EMV payment or just ran the card as a regular credit card without the the EMV protection. That wasn’t clear.

    • Peter

      Hello Drew,
      As of yet, Intuit has not divulged the complete game plan for EMV.
      I do know that the QuickBooks POS v12.0 is processing EMV through the Ingenico IPP350 PIN Pad.
      So, it would be my thought that when we get closer to the Oct. deadline, we will possibly see an update for older QB POS Versions that will enable the ability to use the Ingenico.
      However, that is merely a guess.

  • Tim Haines

    How do we upgrade our magtek reader on our windows quickbooks enterprise computer to EMV?
    Or better yet allow a pin pad with EMV and mag tech.

    • Peter

      Yes Tim, as of yet Intuit has not divulged the complete game plan for EMV.
      I do know that the QuickBooks POS v12.0 is processing EMV through the Ingenico IPP350 PIN Pad.
      So, it would be my thought that when we get closer to the Oct. deadline, we will possibly see an update for QB Accounting that will enable the ability to use the Ingenico.
      However, that is merely a guess.