The Problems (And Solutions!) With EMV And NFC

NAB Velocity, based in Denver CO, provides software developers and businesses with secure and customizable payment solutions, including credit and debit card processing, ACH processing, and gift/loyalty card programs from an ecosystem of payment service providers. As a division of North American Bancard Holdings, LLC (NAB), an industry partner with over 20 years of experience and knowledge servicing merchants, enabling agents, and supporting partners, NAB Velocity is the omnichannel platform to an integrated system of payment and merchant services.

Yasser Abou-Nasr is SVP Commerce Services for NAB Velocity and recently took time to speak with Business Solutions about why EMV is resulting in the filing of legal cases, how lack of understanding in regard to NFC payments security is slowing adoption, and what security features apply to NFC payments.