Trinexum Resource Center

EMV and Credit Card Processing in Trinexum

Last Updated: Aug 21, 2015 07:40AM CDT
How are credit cards processed in Trinexum?
 
All credit card transactions that originate in Trinexum are categorized as Card Not Present transactions.  Even though the credit card may be present at the time of purchase, any transaction in Trinexum is considered an online sale and is therefore a Card Not Present transaction.   For these transactions, liability for fraudulent transactions currently rests with the merchant (your organization).
 
Credit card data is entered into Trinexum either through the original data conversion at launch, a credit card reader or manually.  That data is then stored in Trinexum and then utilized for monthly drafts or for one time payments.  Please see the attached document for images of the credit card processing cycle in Trinexum.

Credit Card Readers versus Swipe Terminals
 
There are two types of devices that are commonly used with Trinexum – Credit Card Readers and Swipe Terminals.  It is important to note the difference between the two devices.
 
Credit Card Reader
 
A Credit Card Reader is a device that reads credit card data and then populates that data into Trinexum.  Trinexum customers may be using a reader that is part of a keyboard or a small plug in reader.  Regardless of the device, credit card readers do not initiate credit card transactions; they replace manual data entry activities and allow the card data to be stored in Trinexum.  Please see the attached document for images of Credit Card Readers.

Swipe Terminal
 
A Swipe Terminal is a device that is supplied by a merchant account provider (usually your bank) and operates independently of Trinexum.  When using a Swipe Terminal, the credit card data is not entered nor stored in Trinexum.  Please see the attached document for images of Swipe Terminals.
 
What is EMV?
 
EMV is a global payment system that entails putting a microprocessor chip into debit and credit cards, making them less vulnerable to fraud for card present transactions. Because EMV uses better data security, this standard is being adopted in the United States. Most debit and credit cards will be reissued with EMV chips by October 2015.

http://usa.visa.com/personal/security/chip-technology/emv-chip.jsp
 
October 1, 2015 Liability Shift
 
The October 1, 2015 Liability shift only applies to organizations using a swipe terminal (Card Present) and does not apply to transactions that are originated in Trinexum such as monthly drafts (Card not Present).   To be clear, the liability change only applies to transactions that take place on a swipe terminal.  For those transactions, the merchant will be responsible for the cost the transaction if that transaction is fraudulent. 
 
http://usa.visa.com/merchants/grow-your-business/payment-technologies/credit-card-chip/liability-shift.jsp
 
What does my organization need to do?
 
Organizations that use swipe terminals outside of Trinexum will need to consult with their merchant account provider to gain information regarding EMV compliance and EMV complaint terminals.
 
Organizations may also consider eliminating swipe terminals and processing all credit card transactions through Trinexum.  
 
Key Takeaways
 
  • Transactions in Trinexum are Card Not Present transactions.
  • EMV currently applies to Card Present transactions.
  • The October 1, 2015 Liability Shift applies to organizations using Swipe Terminals outside of Trinexum. 
  • Organizations using Swipe Terminals should consult their merchant account provider.
  • Organizations that are not using Swipe Terminals do not need to take any action.
 
 

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