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EMV: Retail's $35 Billion "Money Pit"

Posted by Colleen Howley on Jun 12, 2015 2:52:21 PM

EMV: Retail's $35 Billion "Money Pit" 

Author: Jeff Ketner on behalf of IHL Group

New Research from IHL Group cites "EMV Tax" as creating unrealistic burden on retailers, mess for consumers

FRANKLIN, Tenn.- June 3, 2015- The date October 1, 2015 looms as a deadline for US retailers to conform to the new EMV card payment mandate being pushed by the credit card brands; if retailers are not compliant by that date, then liability for fraudulent card transactions shifts from the banks to the retailers.

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Topics: Insider, EMV, IT, Retail, POS

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