Retriever Merchant Solutions (RMS) is a leading payment processing service provider based in the Chicago area. Offering businesses the latest technologies to upgrade their points of sale, Retriever Merchant Solutions (RMS) enables businesses to securely manage their financial transactions. Experts are hailing the US conversion to EMV or “chip cards” a success. EMV is an acronym for Europay, MasterCard, and Visa, and it has revolutionized payment processing security. While the US took many years to catch up with European-level payment card security, just a few years after the rollout began industry experts now say that the EMV technology has significantly reduced fraudulent transactions. Visa reported a 58 percent drop in counterfeit fraud in December 2016 compared to the same month the previous year, and Mastercard saw a decline in counterfeit fraud of more than 50 percent from April 2015 to April 2016. Most consumers would say that inserting a card has become as natural as swiping one. Please visit www.rmsnpc.com for more information on EMV technology.
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Honored as one of the Top 10 Retail Payment Solution Providers in 2017 by Retail CIO Outlook, Retriever Merchant Solutions provides innovative and secure retail payment processing solutions. Retriever Merchant Solutions is a major independent sales office of Vantiv, LLC, a leading credit card and point-of-sale (POS) provider for businesses in the United States and beyond. In January 2018, Vantiv, LLC joined forces with Worldpay PLC, a UK-based payment technology solution provider to form Worldpay, Inc., and become a global leader in omnichannel payments processing over 40 billion transactions annually. Vantiv has proven success in providing improved customer service and a better merchant experience through Vantiv IQ. Vantiv IQ is a web-based portal that provides smart reporting for online and in-store small business credit card processing. Vantiv IQ is an enterprise-class reporting tool that can handle large data sets, streamline workflows, and create reports with actionable insights to improve retail and service operations. Business owners have exclusive access to view recent activity and processing history, track performance over time, enable notifications of specified financial items, and customize credit card processing reports. In June 2017, Vantiv, Inc. announced it had won the 2017 Card-Not-Present (CNP) Award in the Best Processor category for the success of Vantiv IQ as an e-commerce analytics and reporting platform. Please visit http://www.rmsnpc.com/ for more information Based in Chicagoland, Retriever Merchant Solutions (RMS) is an established payment processing service provider. Offering the latest technologies, such as mobile Poynt terminals and EMV-enabled security, Retriever Merchant Solutions is able to securely and reliably manage transactions on all types of devices. An acronym for Europay, MasterCard, and Visa, EMV also is referred to as a “chip card.” Increasingly required by banking and financial regulators, EMV technology helps to ensure the security of electronic payment transactions by making it harder for financial criminals to counterfeit bank cards or run fraudulent transactions. Each time a customer uses a card that has EMV technology to pay for a purchase, the chip creates a unique, one-time transaction code that fraudsters cannot replicate. In order to offer EMV protection, merchants are required to upgrade their in-store payment processing terminals to accept the chip implanted on one end of the credit card or debit card. Please visit www.rmsnpc.com for more information on EMV technology. |
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October 2020
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