Deadline for New EMV Standards Compliance Approaches
Government merchants are running out of time to comply with the new EMV standards.
And in this time of cyber cyber everything, let’s check in to see how the EMV chip is going. All seems well except, of course . . . . government adoption!
The deadline for government merchants to switch over to the Europay, MasterCard and Visa (EMV) specifications is fast approaching. The new EMV specifications will shift the liability for not meeting Europay, MasterCard and Visa specifications from the credit card companies to merchants beginning October 1, meaning government offices may find themselves liable for fraudulent charges. With organizations constantly encountering credit card fraud, the costs could get heavy very quickly.
Original article by Colin Wood.
Read the full story here.
The above is what we call an “Article Review.” It is part of our attempt to help our readers find excellent reading materials to back up important technology risk management concepts. We try not to include articles that are merely news or additional news about mainstream issues. Instead, we try to highlight articles that our “typical clients” should be sure to read, or that are about concepts “outside the mainstream media.” infotex does not intend to endorse views represented by the writers of the articles we review, nor do we try to keep our Clients aware of EVERYTHING. For example, if a particular story concept is being reported upon in many different media sources, infotex usually chooses to ignore the story concept altogether, unless we can find a “unique take” on the story concept.