Intrix Blog : TSG Releases Data: Which Types of Retail Merchants are EMV-Ready?

By Jeff Connors
Chief Executive Officer
October 1, 2015

Today is October 1, 2015. Are you EMV ready? Well, if you aren’t, you’re not alone!

The Strawhecker Group (TSG) recently released data ahead of the October 1st liability shift that represents EMV-readiness by merchant type. That data looked at a variety of retail merchants and shows that 69 percent of Shoe Stores and 59 percent of Department Stores have EMV-ready terminals, while on the lower end of the spectrum, only 23 percent of Stationary Stores and 24 percent of Book Stores have EMV-ready terminals.

TSG points out that certain retail types are more ready than others as they are much more likely to potentially see fraudulent transactions. Big box merchants, such as Walmart and Target for example, are ready.

To read more click here: http://www.businesswire.com/news/home/20150929006599/en/Types-Retail-Merchants-EMV-Ready#.VgsG1PlViko.

TSG has also published a chart looking at 30 retail merchant types and their respective EMV-readiness: http://bit.ly/EMV-Retail

As of today, unprepared merchants will be liable for fraudulent transactions that occur at the point-of-sale. If you are unprepared Intrix can help you become EMV-ready, just give us a call at (855)-546-8749.

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Intrix Technology Jumps Five Spots on Nilson Report’s Top Merchant Acquirers List

Payment processor moves up the rankings for fifth straight year

 Roseville, CA, April 13, 2015Intrix Technology, Inc. (Intrix), a leading payment processor and ISO, announced that for the fifth year it has been named to The Nilson Report’s 2014 list of Top Merchant Acquirers in the U.S., and this year comes in at #70, which is five spots higher than its 2013 ranking. With a 14% increase in processing volume, Intrix maintained its position as one of the fastest growing credit card processors in the nation.

Intrix anticipated the rise of consumer demand for the convenience of cashless transactions. By executing a series of strategic acquisitions and implementing creative sales plans, it was able to exponentially grow its revenue base. At the same time it secured a leadership position in the industry by pursuing technological innovations that are simplifying operations for merchants and lowering processing fees.

“The Nilson Report ranking and recognition of our rapid growth confirms our progress in winning market share,” said Jeff Connors, chief executive officer of Intrix. “Our strategy to grow transactions through strategic acquisitions and organic initiatives in high-growth channels and verticals is clearly working.”

Intrix has become the credit card processor of choice for agents, enterprises and retailers across the country because of its innovative gateway services which include a full tokenization solution for processing payments and storing sensitive payment data. These types of solutions deliver a host of benefits to merchants including the ability to integrate payments with their accounting systems; improve cash flow management; and reduce both fraud exposure and costs associated with PCI compliance. Top Credit Card Processing, the leading provider of independent reviews and ratings in the credit card processing industry, currently ranks the Intrix E Commerce Payment Gateway #2 among all industry gateways.

About The Nilson Report
The Nilson Report is a highly respected source of global news and analysis covering the credit, debit and prepaid card industries. The in-depth newsletter provides in-depth rankings and statistics on the current status of the industry, as well as company, product and personnel updates. Over 18,000 readers in 90 countries worldwide value The Nilson Report to track industry trends and market information. www.nilsonreport.com.

About Intrix Technology
Intrix provides payment processing software solutions and services for, agents, enterprises and retailers. The company’s offerings include the Intrix Payment Gateway, a software-as-a-service solution for processing payments and storing sensitive payment data, and Intrix Quick Books as well as a whole host of product offerings like recurring billing, Point of Sale solutions and mobile payments that are oriented to meeting the needs of its merchants. www.intrix.com.

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 Contact:
Carol Felton
InsightCircle PR
408.807.3780
carol.felton@insightcirclepr.com