Posts tagged "microchip"

Credit Card Processing Changes October 1st.

August 21st, 2015 Posted by Uncategorized 0 comments on “Credit Card Processing Changes October 1st.”

Credit card device

In a move to improve security, credit cards with magnetic strips are being phased out and replaced with cards containing an embedded microchip. A two-step checkout process requires a special reader, along with entry of a passcode.

If you accept credit cards, October 1st is the date that if you are not in compliance with EMV (Europay, MasterCard, Visa) specifications, you could be held liable for any fraudulent transactions. If you have not already done so, contact your card processor and confirm whether or not upgrades need to be made to your systems.

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