Visa Launches EMV Chip Education Tour for Small Businesses
20-city tour designed to help small businesses understand how and why they should prepare for accepting chip payment cards
While chip implementation in the U.S. is underway, a recent study conducted by the
“Visa is supporting merchants and consumers through education to ensure a seamless transition to this new technology,” said
Martin added, “We know that time is a valuable resource to small business owners and we designed the Small Business Chip Education Tour to bring the most critical information on chip technology to merchants directly. In cities across the country, we will set up educational sessions to explain how chip technology can protect consumers from fraud, and how businesses can offer it in their stores.”
Chip education and adoption is critical, because as of
“For small businesses, running smoothly and protecting their customers is of top importance, particularly in the digital age,” said
How Chip Cards Work
When inserted into a terminal, a chip card generates a unique, one-time code needed for the transaction to be approved. Because this code changes with every transaction, even if the card data is stolen, the information can’t be used to create counterfeit cards because the stolen code would have already “expired.” This feature makes EMV chip card data a less attractive target for criminals to steal. According to a report by
Business and Consumer Education Campaign
The Small Business Chip Education Tour builds on Visa’s efforts to educate consumers and businesses about the role chip plays in a multi-layered approach to securing the payment ecosystem. Visa has partnered with financial institutions, business groups, media organizations, consumer advocacy groups, and others for in-market events throughout the U.S. The next event in Visa’s Small Business Chip Education Tour will be held in
In addition to in-market events, the Small Business Chip Education Tour will also host webinars that will be made available on the company’s dedicated chip website, www.Visachip.com.
“As the largest segment of merchants in the U.S., it’s critical that small businesses understand how chip technology works and what it means to the protection of their business and the data of their customers,” said
Visa has also recently launched an online toolkit to help businesses make the transition. The toolkit, available at www.VisaChip.com/businesstoolkit includes a step-by-step guide to adopting chip as well as videos, infographics, and other resources to help merchants make the seamless transition to chip-activated terminals.
Jennifer Morris, +1 202-760-0145