Visa moves to streamline chip-card processing certifications
After months of frustrating delays for U.S. merchants that have been required to roll out payment systems that can accept new, more secure computer chip credit and debit cards, Visa on Thursday announced a series of remedies.
The steps include streamlining Visa's testing requirements and simplifying the terminal certification process. Visa said it would also add resources and technical expertise to cut deployment times in half.
Many retailers complained that it has taken several months to get a sign-off from banks, card companies and their processing partners that the new equipment they have installed is ready to be used. The certifications apply not only to the terminals in stores but also to the back-end systems used to authorize and certify payments.
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