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Big Sky Commerce - Get ready for the October 2015 U.S. EMV chip card mandates.

April 25, 2015View for printing

The total cost of counterfeit, lost or stolen card fraud in the United States will top an estimated $10 billion in 2015*. To combat this growing threat, the U.S. is embracing EMV chip card technology. A standard for over 30 years in other major economies, EMV is a card authentication and fraud-reducing technology that can help protect merchants, consumers and card issuers against losses from the use of counterfeit and lost or stolen payment cards at the point of sale (POS). Beginning October 1, 2015 EMV adoption will represent a payment security milestone in the U.S. Card issuers have already started issuing EMV cards to American consumers, and merchants must be ready to accept them with EMV compliant hardware.

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