EMV Payment Systems Overview
EMV Payment Systems is a merchant account provider that prominently advertises its ability to provide EMV-compliant terminals to merchants in accordance with credit card processing industry regulations. Although EMV Payment Systems places a major focus on the equipment it sells, the company also opens merchant accounts that can be used with its equipment. The backend processor that services these merchant accounts is not named on the EMV Payment Systems website. The company also does not name its owner, executive management, founding year, or location on its website.
EMV Payment Systems’s products and services include countertop credit card terminals, wireless terminals, mobile phone processing, electronic check acceptance, e-commerce solutions, sales reporting, and merchant cash advance. The company offers live phone support from 7:30 a.m. to 5 p.m., Monday through Friday. Daniel Drake is listed as a managing member at EMV Payment Systems, while “B Lambert” is the company’s principal.
At a glance
Founded: N/A
Location: Henderson, Nevada (also: Schaumburg, Illinois, and Phoenix, Arizona)
Acquiring bank: Wells Fargo Bank
Website: emvpaymentsystems.com
Phone number: 866-714-0641
E-mail: [email protected]
Online reputation and reviews
EMV Payment Systems is the subject of over 30 negative reviews on consumer protection forums. Many of these complaints describe a borderline fraudulent practice known as “slamming,” in which EMV Payment Systems telemarketers pretend to be a merchant’s current processor in order to deceive the merchant into signing a second merchant account contract through EMV Payment Systems or equipment lease through Northern Leasing Systems. Complainants state that EMV Payment Systems reps will claim to be from “Merchant Services” and will state that the merchant’s account has been flagged as “low risk,” which makes the merchant eligible for better rates. Unsuspecting merchants run the risk of signing long-term contracts or equipment leases that cannot be cancelled without expensive termination fees.
Less serious complaints describe aggressive telemarketing efforts, poor customer service, and difficulty cancelling the service. Despite its low complaint total, EMV Payment Systems has a very bad reputation among online reviewers.
Legal actions and lawsuits
There are no outstanding or recently resolved legal actions related to EMV Payment Systems at this time.
Have you used EMV Payment Systems for your business? Rate the company at the top of this post and tell us about your experience in the comment section below:
I received a phone call from EMV Payment Systems today. They said they are our merchant services at the Interchange which is at higher level than our current merchant services provider. Base on our record that we had achieved a low risk status and earned a discount. I asked the lady what this their name many times. At first, she said she had told me three times already that they are our interchange provider. Finally, I insist the name, then she said “EMV Payment Systems”. I told her that I don’t recognize their name and was going to hang up the phone call. She said, no, no, no, they are our interchange provider. Then I ask what is my current merchant service provider, she said that does not matter because they are our interchange provider which is higher than our merchant service provider. Then I asked her who is my credit card processor, she still said it does not matter. She said she got our name from the credit bureau. At that moment, I just told her don’t call me again. After that, I just hang up the phone call and tell her don’t call me again.