The EMV deadline is nearing. Are you ready?
If you process patient payments by credit card, October 2015 represents an important deadline.
This October, all major credit card brands (including Visa, MasterCard, American Express, and Discover) will institute a Fraud Liability Shift. All issuers and merchants who choose to accept payments/transactions using non-EMV compliant devices with EMV compliant cards will assume liability for certain fraudulent behavior.http://www.emvco.com/.
In advance of the October fraud liability shift, Apex Revenue Technologies announced new EMV-ready point-of-service payment solutions for healthcare providers. “EMV” refers to the microchip technology now embedded in many credit cards. This new Point of Service Payment Solution is fully EMV-ready to help ensure the highest level of protection against liability and fraud for healthcare providers and patients.
With Apex, minimize your risk of fraud and financial liability
Apex also offers online payment solutions for patients, and tools for processing payments by phone. Our Point-to-Point Encryption (P2PE) solution for entering cardholder data significantly reduces your scope for PCI compliance requirements.