Blog
EMV Is Coming In October… Are You Ready?
February 26, 2015 / 3 minute read / By Michele Salerno
Blog
Beginning in October of 2015, the liability for payment-card fraud will fall to the transaction party – card issuing bank or retailer – that has the lesser technology. For retailers, this means being prepared with hardware that is designed with “smart chip” technology. With this technology in place, retailers will be able to seamlessly accept payments from the new chip-enabled payment cards that are already being issued by major banks.
With proper planning, retailers can “future-proof” their point of sale and payment processing systems, from a liability standpoint as well as respond to the coming shift in how consumers will pay for merchandise and services.
To help with your hardware planning, we have put together a quick FAQ.