For retailers who accept credit cards, there’s a huge change looming in the future. On October 1st, 2015, all retailers must comply with EMV standards. Essentially, EMV stands for Europay, MasterCard, and Visa. The standard, wherein retailers must update card terminals to accept EMV cards, was developed to minimize the risk of threats to consumer information as EMV cards are more advanced and capable of encrypting personal cardholder data during transactions.
Outsource My IT is here to help you get ready for the hugest change to the way retailers handle credit cards! Call us at (973) 638-2722 or send us an email at email@example.com for more information.
If you don’t update your card terminals before the deadline, you’re responsible for any fraud that occurs due to lack of proper security measures. This is an important standard for reducing credit card crime. In the UK, for instance, credit card crime was reduced by 60% after implementing the standard. Ready to start reaching compliance? Here’s the secret steps you need to know:
Keep in mind, YOU will be liable for any and all cases of fraud after the deadline. The cost of purchasing new terminals and integrating any and all complex software with new terminals will be nothing compared to the cost of being held liable for fraud. Don’t take risks – start moving towards compliance immediately.
Outsource My IT knows the importance of making sure you’re compliant with EMV standards before October 1st, 2015. Contact us at (973) 638-2722 or send us an email: firstname.lastname@example.org. We’d be happy to help you comply to avoid liability in the event of fraud.