EMV implementation has drastically improved since the liability shift in 2015.
Payment Card Industry Data Security Standards are rules for securely accepting credit card payments that retailers must abide by.
Retailers that fail to adopt EMV technology face fines and increased chances of fraud, and it’s up to them to increase their security protections through EMV adoption.
The Philippines Savings Bank, otherwise known as PSBank, will eliminate the use of magnetic strip-based cards, fully implementing EMV cards on September 1, according to a report by Rappler.com.
EMV compliance and a more modern approach to payment processing are key considerations for small businesses.
PCCharge presents a number of potential problems to businesses continuing to use it.
Moving past PCCharge should be a priority for businesses.
Verifone’s PCCharge system can expose existing users to liability and compliance issues.
Many businesses are now asking, "Should I upgrade my payment processing technology?"
Now is the time for retailers to upgrade their payment processing technology.