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.
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