Tuesday, October 6, 2015

EMV Adoption Rate is Slow in the US

So October 1st, 2015 has come and gone. For something that has been several years in the making, I am surprised how slowly EMV credit and debit cards are being sent to cardholders, the backlog of EMV ready hardware, and the number of businesses who have actually implemented EMV terminals and hardware.

I've seen numerous communications from multiple point of sale companies referencing backorders for the hardware as well as short term options for business owners.

The folks over at creditcard.com recently published a poll related to EMV which not only covers how many cardholders actually have EMV cards but also provides some detail on how to use EMV cards as well as general insights related to the October 1st, 2015 EMV Liability Shift date for card present transactions here in the US.

A good read for both consumers and for business and organizations that accept payment for goods and services via credit and debit cards. Here is a link to the poll: http://www.creditcards.com/credit-card-news/emv-chip-card-survey.php

Are you  in the US and in need of no cost retail point of sale advice?  I'm happy to help and can be reached on my cell at 208-340-5632 (I am on Mountain Time) or via email at kevinantosh@gmail.com. There is also a contact form to the right that can be used to reach me.

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