June 9, 2017—Cash Practice Systems, a web-based software for chiropractors, has released cutting edge integration for Europay, Mastercard and Visa (EMV) terminals that allows for transactions to be processed in real time over their www.cashpractice.com website.
This technology is the first of it’s kind in the industry and is used to support the merchant processing for the Auto-Debit System portion of their software. EMV Terminals have been around for a long time. However, they have always operated as an independent device or connected to native software applications.
Until now, EMV technology was not easy to connect to web-based software as a service applications. This technology was developed in conjunction with Cash Practice Systems long time partnership with Processing Point Inc. Though this is a credit card system for chiropractors, it can be used by other service based businesses.
Cash Practice Systems’ Founder & CEO, Miles Bodzin, DC, stated, “We’ve been working a long time on finding a suitable solution. We are thrilled to be offering our members this new technology, the purpose of which is to prevent the use of counterfeit credit cards. And although it is uncommon for such fraud to occur in a healthcare provider’s office, we wanted to ensure our members had a solution available for them.”
Bodzin went on to say, “We showed our solution to chiropractic’s largest EHR provider, ChiroTouch. They were thrilled to know we would have this available for our mutual clients as they did not have a solution for EMV.”
EMV is the new standard for chip-based Debit and Credit Card transactions on a global scale. EMV cards are smart cards with a chip in them that transmits the card information in an encrypted format.
Source: Cash Practice