Cash Advance Features

  • No security taken in Home, Business, Equipment or Inventory
  • No personal guarantee for repayment
  • No penalty for slow payment
  • No coupons or cheques to write or post
  • No application fee

EMV

The development of EMV, (Europay, MasterCard and Visa) has enabled merchants to safely accept cashless payments at the point-of-sale. Card accepting companies are on the safe side in order to accept cashless payment at their point-of-sale. EMV is an international credit card standard, based on modern chip card technology and is supported by Merchant Financing, a division of Decimal Factor Limited**.

Since the EMV standard was launched, Chip & PIN cards have become very popular. The chip is more fraud-resistant than the magnetic stripe — and the risk of fraud for stolen or lost cards can be significantly minimised.

Liability shift : benefits for card accepting companies

Cardholders are not the only ones who benefit from higher security standards. Merchants who accept cards, also enjoy safer standards with EMV. When a countertop terminal is EMV compatible, merchants benefit from a liability shift. That means that companies without an EMV compatible terminal carry the risk of fraud in the case of payments made with stolen or lost cards. Therefore, in order to benefit from the liability shift, merchants must use an EMV compatible terminal which complies with the international security standards of Europay, MasterCard and Visa. Merchant Financing, a division of Decimal Factor Limited** Merchant Services can support you with the implementation of EMV standards by providing fast, secure and efficient payment and terminal solutions.

Settlement of card transactions

Modern terminals can quickly and securely read a chip on a credit card, insuring business-as-usual at the point-of-sale. Merchants do not experience delays as a result of improved security standards.

While magnetic stripe cards contain all relevant card holder data on the magnetic stripe and require only a cardholder signature, Chip & PIN cardholders must authorise the transaction two times, via signature and PIN entry on a terminal.

The card issuing bank decides whether the payment is authorised by signature or PIN. This information is saved on the chip.

Benefits of Visa Electron acceptance

  • Increased payment safety
  • Principle liability shift by using EMV compatible terminals
  • Minimise risk of fraud for stolen or lost cards
  • PIN authorisation by credit card payment


** Merchant Financing, a division of Decimal Factor Limited operates in association with, and this offer is made through, Elavon Financial Services Limited, a company registered in Ireland. Elavon © 2009 is a trademark Elavon Inc, in the United States and other countries. All rights reserved. Visa®, MasterCard®, JCB®, Maestro®, Diner's® and American Express® ® are trademarks of their respective owners. All rights reserved.