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With new chip credit cards on way here's what consumers (and merchants especially) need to know

August 30, 2015View for printing

Beginning Oct. 1, merchants that have not updated point-of-sale devices to recognize chips will be held liable if there is fraud at the register in the store if the bank has issued cards with chips. Whoever has the older technology is liable for fraud. If both the bank and the retailer have updated their technology, the liability falls back to the bank.

Susan Tompor

Full Story: http://www.usatoday.com/story/money/ ... w/71337580/

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Big Sky Commerce is an integrated provider of merchant credit card transaction processing services, check processing services, Internet payment gateways, related software application products and value-added services. http://www.bigskycommerce.com/

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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