Dallas, TX (PRWEB) December 25, 2013
Prodigy Payment Systems has recently announced that it has revamped its entire lineup of payment terminals to better suit new secure technologies. This includes all Clear Advantage payment systems. Specifically, these terminals have been redeveloped to better suit the demands of MasterCard's new EMV technology. This technology is a fairly recent development that has the potential to revolutionize the security of popular card payment options throughout the world. The security features of this new technology required a complete revitalization in how Prodigy Payment Systems approached terminal technology. This resulted in Prodigy Payment Systems moving beyond magnetic strip technology to meet the future head-on.
EMV technology has been in use throughout the United Kingdom since 2006 with great success. The technology itself was approximately ten years in the making before this full roll-out to the consumer public. This long period of development was essential in the development of EMV technology since it gave developers a long time to suss out problems within the system. Since its adoption in 2006, EMV technology has been an essential part of how consumers throughout the United Kingdom protect themselves during card-based transactions. This technology is now coming to other parts of the world and Prodigy Payment Systems is working to be on the forefront of this technology.
For consumers, EMV technology doesn't really change how things are happened on a transactional level. Purchases using cards equipped with EMV technology are completed in the same way as magnetic strip-based transactions. The difference is in the way the consumer's information is processed and verified. Specialized chip technology provides an extra level of verification to be sure that the card is being used by a verified card holder. This extra level of protection can go a long way toward protecting consumers from having their accounts accessed by unauthorized users.
Prodigy Payment Systems is getting out in front of this new technology in the same way it stays abreast of all major technological developments in payment processing. As an industry leader in payment terminal systems, Prodigy Payment Systems anticipates that this new technology is an important thing to embrace going forward into the future. While the government is requiring all merchant processors to shift toward EMV technology by 2016, Prodigy Payment Systems is rolling things out in 2014. Merchants adopting this technology early are likely to get better pricing than if they wait until the 2016 mandate comes to full effect.
About Prodigy Payment Systems
Prodigy Payment Systems in a premiere provider of electronic payment solutions to organizations of many sizes throughout the country. Most of these products are focused toward businesses of small and medium size. As a leader in merchant processing services on a wide range of frontiers, Prodigy Payment Systems is dedicated to providing unparalleled customer service to its clients. Honesty and integrity are corporate values that have been ingrained throughout the core ethic of Prodigy Payment Systems. For more information, visit http://www.Prodigypay.com, http://www.twitter.com/ProdigyPS or http://www.facebook.com/ProdigyPay.
About Clear Advantage
Clear Advantage Terminal has become a leading resource for merchant payment solutions around the country. The cutting-edge line-up of solutions was developed in 2005 and has since become widely used in small and medium-sized businesses. The Clear Advantage Terminal provides merchants with the ability to process nearly any type of payment imaginable, including credit cards, ATM cards and others.