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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