Now that we’ve discussed the history of EMV, the security it offers and what it means for your business, you’re likely wondering what you need to do to prepare for October 2015. As a reminder, this is when all U.S. merchants will have a liability shift for chargeback protection if they are not using EMV-enabled devices.
Here are things to consider:
What can happen if my business doesn’t have an EMV-compliant terminal by October 2015?
With this shift, the party – the issuer or the merchant’s acquirer – that has the “most secure” EMV device is protected from financial liability for card-present fraud losses for both counterfeit and lost, stolen and non-receipt fraud. So it’s in your best interest to have an EMV-enabled device in place by this changeover date.
Can I get EMV-enabled devices from Total?
Absolutely. Total Merchant Services is focused on providing its clients with EMV-compliant devices long before it is required. Through our partnership with Ingenico, the global leader in seamless payment, we can provide merchants with devices that are not only EMV ready, but also compatible with the same NFC technology used by Apple Pay, Google Wallet and Softcard.
Stay ahead of the curve and make sure that your business is ready for October 2015. Contact Total at 888-209-7708 for more information about EMV-capable devices.