Effective October 1, 2015, Visa, MasterCard, Discover and American Express have mandated liability shifts for fraudulent transactions . Generally, liability will shift to the party using the least secure technology. Is your POS system and payment processing system equipped to handle EVM-chip technology? Here are a couple of articles regarding this new technology and how it will impact your business.
From Heartland Payment Systems: EVM and Restaurants: What You Need to Know
From Visa USA: Chip Payment Acceptance: Putting it Into Perspective for Small-Ticket Unattended Merchants
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