For most businesses, the compliance date was October 1st, 2015. (Pay at the pump gas stations had until 2020 to comply due to the cost and complexity of the upgrades.) What is EMV? Traditional Credit Cards vs. EMV Cards Fraud Reduction with EMV EMV Liability Shift Becoming EMV Compliant EMV Non-Compliance Fees EMV in Card-Not-Present […]
By now, EMV chip cards are commonplace in the United States. The major credit card companies announced requirements for processors and businesses to accept these chip cards because they had been shown to reduce fraud in card-present environments.