Woodforest strives to offer the latest technology in payment solutions. Our goal is to help businesses save time and money, increase sales, improve cash flow, and last but not least, make it easier for your customers to pay you. Whether you’re an Internet, retail or over-the-phone merchant, we have a solution for you.
Action Required to Avoid Liability for Payment Card Fraud
Beginning October 1, 2015 merchants may be held financially liable for fraudulent in-person transactions that were not processed with an EMV-enabled terminal.
Financial services institutions are now issuing EMV chip credit and debit cards, eventually replacing magnetic stripe cards. To accept these cards, new EMV-enabled (chip-enabled) Point-of-Sale equipment, or software updates to EMV-compliant devices, may be needed. You may continue using existing POS equipment because payment cards with EMV chips still contain magnetic stripes information for swiping.
View our Frequently Asked Questions for more information.
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