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ARE YOU EMV READY

June 12, 2015

The Strawhecker Group (TSG) released survey results today showing only 34 percent of US merchants will be EMV-ready by the October 2015 deadline, and just 53 percent of merchants are expected to be fully compliant by 2017 – more than 15 months after the deadline. EMV, or “Europay, MasterCard, and Visa,” is a globally accepted card standard that uses an embedded microchip to provide unique data protection when the card is inserted into a chip-card reader. Most card accepting US merchants may be liable for fraudulent transactions if they are not “EMV compliant” by October 1, 2015.

TSG survey finds just 34% of merchants in the US will be EMV-ready by October 2015.  For more information click here BusinessWire.

If your not EMV ready contact PayLab Plus @ www.paylab-plus.com 

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