Progressive Grocer – When a counterfeit credit card is used at a store’s checkout nowadays, the bank issuing the plastic takes the loss. But starting in October 2015, the liability shifts to U.S. retailers. In other words, they will be financially responsible for fraudulent transactions. To be prepared, merchants will need to upgrade their POS terminals to accept Europay Mastercard Visa (EMV) cards that have an embedded chip designed to protect consumer data.
Getting ready to accept chip cards has certainly been a hot topic of conversation in retail circles recently. Merchants have replaced or upgraded POS systems. So retailers are ready, right? Maybe.
A poll by Boston Retail Partners concluded that 650 percent more retailers will support EMV by October
Read full article: Ready for Chip Cards at POS?