8 FAQs about EMV credit cards
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As a small business owner, my attention peaked as I realized that as of today, October 1st, the banking industry has successfully passed a significant burden of credit card fraud on to merchants who are not ready to process credit cards with EMV technology. EMV stands for Europay, MasterCard and Visa . EMV is the global standard for cards that have embedded computer chips along with technology to authenticate chip-card transactions.This has come about as a result of a number of large-scale data breaches and increasing rates of counterfeit card fraud. Merchants and consumers alike have questions about EMV credit cards. Here are a few answers. Read more:
