Money

How To Prepare For Big Credit Card Changes

Posted on September 2, 2015

By October 1, you'll be expected to have upgraded your card terminals to accept so-called EMV cards--short for Europay, MasterCard, and Visa. These are the most advanced generation of credit cards, equipped with small microprocessors that secure point-of-sale transactions by encrypting the personal information of the cardholder.

If you haven't upgraded to newer machines, generally speaking you'll be on the hook for any fraud that happens with these cards after the deadline. Take a breather, though. The implementation won't happen overnight.

Read the full story at www.inc.com.

Related Topics: credit card compliance, credit card fraud, credit card processing, customer service, data security, finance, How To, industry trends

Comments ( 1 )
  • overnight.but.not.tonight.

     | about 4 years ago

    I think I will try to save on napkins then... or Costco glasses #JimLuff ...but not overnight...

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