For more than 25 years, Retriever Merchant Solutions (RMS) has provided businesses in the retail, hospitality, IT, and service industries with cutting-edge payment processing systems. Retriever Merchant Solutions has been a leading provider of EMV-compatible technology since the chip-and-pin system was introduced to the American market.

EMV standards are set by three of the largest credit and payment processing companies in the world: Europay, MasterCard, and Visa. To further secure credit and debit cards against fraud, EMV developed chip-enabled cards to replace traditional magnetic stripes. Previously, criminals could easily copy the identifying information from a magnetic strip and transfer this information to a blank card.

The EMV chip is also able to modify its identifying data constantly, which prevents fraudulent cloning. Further, chips can communicate with payment terminals by using encrypted messages and single-use transaction codes.

These processes make purchases with an EMV chip card significantly more secure. Since these cards were introduced in the United States, fraudulent card transactions have dropped by more than 50 percent.

Please visit http://www.rmsnpc.com/ for more information.