Chase Paymentech is a merchant service provider that offers terminals which process Visa and MasterCard chip cards. The high-speed V^x 570 is now enabled and offered with Chip technology.

A standard in Europe for the past decade, Chip and PIN card technology is coming to Canada to replace the magnetic stripe cards; and Chase Paymentech, your partner for merchant services will help you to be ready. Payment cards containing a microcomputer chip, also known as smart cards, will bring Canadian merchants and customers a full range of benefits.

Benefits of Chip and PIN:

• Enhanced Security and Fraud Reduction - Chip technology is virtually impossible to copy and combining its use with a PIN helps reduce lost, stolen or counterfeit transactions
• Reduced Chargebacks - The use of PIN transfers merchant responsibility for authentication (verifying a signature) to the chip technology, therefore reducing chargebacks
• Faster Authentication - PIN is faster than signature, reducing the time spent on requesting and verifying cardholder signature

Click here for more information about Chip and PIN.