Payment acquirer WorldPay U.S. announced on Tuesday that it has been granted Discover EMV payment processing certification after completing all of the necessary requirements.
“To obtain each certification, our IT teams worked closely with the card payment networks and leveraged our security infrastructure to prepare our system for EMV,” WorldPay U.S. President and CEO Tony Catalfano said. “By taking these necessary steps toward EMV chip card acceptance as well as ongoing internal EMV preparations we are strengthening our ability to help customers protect their business – and their customers –from the potentially devastating effects of card fraud.”
EMV—or chip cards—are encrypted with the EuroPay, MasterCard and Visa security standard. After a card is inserted into an EMV-capable device, the chip creates a unique security code designed for one-time use. The code is then sent to payment processors, along with other transaction data, providing an additional layer of security. Depending on the card issuer’s requirements, EMV cards may also require the cardholder to enter a unique PIN.
WorldPay U.S., which has certifications from Visa, MasterCard and American Express, is the U.S. processing arm of WorldPay, a global card payment acquiring business that allows customers to accept payments at both point-of-sale and via the internet.