Snippet – American Express has released Amex Quick Chip, a technology enabling merchants to provide a more seamless experience at the point of sale for Card Members when they pay with their EMV chip cards.
American Express has released Amex Quick Chip, a technology enabling merchants to provide a more seamless experience at the point of sale for Card Members when they pay with their EMV chip cards.
Amex Quick Chip is available to merchant processors, which may deploy the service to interested U.S. merchants through a software update to the merchants’ EMV-enabled payment terminals. This provides another option for merchants in industries where having a fast check-out process is especially important.
EMV technology reduces the risk of fraud stemming from counterfeit payment cards by storing information on a microprocessor chip embedded in a card.
Card Members dip or insert their EMV cards into a merchant’s payment terminal instead of swiping their cards.
With Amex Quick Chip, Card Members can dip their Card during the check-out process and remove it before the transaction is completed.
This can reduce the time Card Members must keep their Cards inserted in the terminal, providing an experience similar to swiping a magnetic stripe card and enabling merchants to streamline the checkout experience.
Importantly, Amex Quick Chip continues to offer the same protection against counterfeit cards that traditional chip card technology does.
Amex Quick Chip is compatible with the technical standards used in Quick Chip services offered by other payment networks, enabling processors and their merchants to easily implement these solutions across all card brands that they accept.
Amex Quick Chip is currently available to processors, merchants and vendors in the U.S.
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