The Rise of Contactless Payments: Understanding EVMS and Their Manufacturers

In recent years, contactless payments have gained immense popularity worldwide. With advancements in technology, Electronic Wallets (E-Wallets) like Apple Pay, Google Wallet, and others are now becoming the norm for making transactions. Among these innovative payment systems is EMV (Europay-MasterCard-Visa), a standard for secure international card-based transactions.

EMV stands for Europay Mastercard Visa and it was created in 1994 as an answer to counterfeiting of credit cards that were widely used at the time. The name comes from the three companies which developed this system: EMVCo, LLC., (Europay International SA, MasterCard International Inc. and Visa Internationale Service Association).

EMV card readers are designed to work with these new contactless payment systems. They provide secure transactions by reading the embedded chip on a user's credit or debit card instead of swiping their magnetic stripe like traditional cards did! This makes them more difficult for thieves to clone since each device has its own unique code - making purchases much safer overall too.

There are many manufacturers producing EMV readers today but not all offer high-quality products. Some popular brands include:

1) eDynamo

eDynamos newest EMV/secure card reader authenticator is designed specifically with user convenience in mind while still maintaining the highest standards of security and flexibility when it comes to accepting different types of payment cards.

2) MagTek

MagTeks portfolio includes a wide range of EMV solutions that cater to various needs, from point-of-sale (POS) terminals to mobile payments. Their products are known for their reliability, ease of use, and compatibility with leading contactless card schemes like Apple Pay and Google Wallet.

3) Techwell

Techwells Portable Bluetooth EMV Mobile Payment MPOS Card Reader is another popular choice among merchants looking for a reliable solution that can handle high volumes of transactions securely. Its compact design makes it perfect for on-the-go sales, while its compatibility with major operating systems ensures seamless integration into existing payment infrastructure.

When choosing an EMV card reader manufacturer, consider factors such as:

- Reliability: Look for manufacturers known for producing products that are reliable and durable.

- Security Features: Ensure the product meets all relevant security standards to protect user data.

- Compatibility: Choose a brand whose readers work with major contactless payment schemes like Apple Pay and Google Wallet.

In conclusion, EMV card reader technology has revolutionized the way we make transactions. With many manufacturers available in the market today offering high-quality products at competitive prices, businesses can now easily adopt this secure and convenient payment method to cater to their growing customer base.

Emv card reader manufacturers