Be mindful of your weakest link
September 24, 2015

EMV Transition

The EMV deadline is looming after a conversation that began in late 2013.  Adoption has been predicated on the banks delay in replacement of existing magnetic stripe cards with chip enabled cards to facilitate the EMV transaction. Many merchants have delayed  the expense of implementation because of the cards not being issued.  However, expect that to change once the liability  for fraud shifts from the issuing bank to the merchant, especially as we head into the holiday shopping season.  A recent survey from ACI Worldwide delivered some interesting statistics.

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