Focus POS, Sterling Payment Technologies Team Up For EMV Solution
Category: Sterling News
Focus POS has announced a partnership with Sterling Payment Technologies to offer an EMV solution to businesses in the hospitality industry. This EMV solution offers restaurants the capability to accept payments from mobile wallets thanks to NFC and tokenization technologies.
EMV became a necessity in the hospitality industry thanks to the liability shift that took place in October of 2015. This shift meant that any restaurant that wasn’t EMV compliant would be held accountable for certain fraudulent transactions processed by its system. Using the proper EMV technology protects businesses and customers from fraud. In order for restaurants to succeed, they must offer EMV transaction support and credit card data tokenization. With the growing popularity of mobile wallets and payments, NFC technology is also a requirement.
Focus POS customers who use the VeriFone VX 805 and the latest Focus software can take advantage of this new EMV solution. This semi-integrated solution protects electronic payments, so Focus POS doesn’t directly handle sensitive customer data and information less likely to be stolen.