EMV Is Almost Here! What Is The New Standard of Card Security?

The upcoming liability shift means that financial responsibility for some fraudulent transactions, which has traditionally been assumed by card issuers and/or banks, will shift to the party with the least secure technology – in other words, the restaurant or merchant. It’s not a mandate or legal requirement, but the liability shift does provide strong encouragement for restaurants to bring POS technology up to EMV standards, both as a way to mitigate risks and to better manage the next phase of payment technology changes . . . [ READ MORE ]

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