In October of 2015, EMV will become a reality for those individuals involved in the process of accepting credit cards. While Visa, Mastercard, Discover, and American Express, each has their own unique description for the changes in liability, beginning in October 2015 when a fraudulent transaction occurs, liability for any resulting counterfeit losses will fall on whichever part of the chain is responsible for the EMV transaction not occurring – which means there could be changes looming for small businesses. We worked with our friends at Merchant Warehouse to help show these businesses just what to expect next year and how to be ready for the EMV changes.
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