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New chip credit cards putting squeeze on small businesses - Big Sky Commerce

June 17, 2015View for printing

The cards being rolled out by banks and credit card companies are aimed at reducing fraud from counterfeit cards. As chip cards are phased in, magnetic stripe cards, which are easier for thieves to copy, will be phased out. Businesses of all sizes face an Oct. 1 deadline to get new card readers and software that can handle chips. Most estimates of transition costs for small companies vary from the low hundreds to tens of thousands of dollars due to the wide range of equipment used.

By JOYCE M. ROSENBERG AP Business Writer

Full Story: http://abcnews.go.com/Technology/wir ... es-31821135

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Big Sky Commerce - Get ready for the October 2015 U.S. EMV chip card mandates. http://www.matr.net/article-65760.html
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