EMV is a security framework that defines the payment interaction at the physical, electrical, data and application levels between chip cards and payment devices. These interactions are often referred to as EMV Level 1 and 2 requirements.

How Does it Work?

Smart cards are embedded with a chip that is encrypted with data. EMV-enabled devices have the ability to read data stored on a chip within the card. During the transaction authorization process, strong cryptographic functions are used to validate the authenticity of the card and cardholder.

Best of all, when a customer pays using an EMV-enabled device, the device is instantly identified as an authentic, approved payment instrument through a process called dynamic authentication. When used with a PIN, the chip proves that the customer is paying with his or her own card.

By using chips as an active part of the payment transaction, EMV cards and devices help prevent credit card fraud from stolen account numbers and cloned payment cards.

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IRS TIN Mismatch

CynergyData Texas fully complies with the IRS enacted section 6050W. This IRS mandate requires all merchant service providers to validate the legal name and Tax Identification Number (TIN) for every merchant in their portfolio, and report to the IRS all annual revenues associated with these accounts. [read more]

PCI Compliance

CynergyData Texas’s opt-out PCI Compliance program gives merchants an easy one-stop solution to achieve compliance with the Card Associations. Merchants simply complete an online Self-Assessment Questionnaire (SAQ) accessible through VIMAS [read more]

Mobile Processing

CynergyData Texas offers all the latest mobile devices for those merchants who need to process cards on the go, and from anywhere in the world. Solutions include fully mobile terminals, laptop programs, and cellphone-based applications and devices. All solutions offered by CynergyData Texas are fully compliant with all State and Federal regulations regarding security and usage [read more]