North Dakota Bankers Association - link home

About Us Government Relations and Legal Education Business Partners Communications

NDBA Home















Communications

Survey: Only 41 Percent of Merchants EMV-Ready

Posted on 11/16/2015

Only 41 percent of business owners currently have the ability to accept EMV credit and debit cards, according to a survey released last week by Newtek Business Services. Of those without EMV terminals, 53 percent reported that they have no plans to update their technology to become EMV-compliant.

Retailers were given an Oct. 1 deadline to transition their point-of-sale systems to accept EMV cards. Now that the deadline has passed, merchants that do not use EMV-compliant technology will be liable if a fraudulent chip card is accepted.

To read more visit: http://www.thesba.com/press-release/11-10-2015/



Members Only
Calendar of Events

ND BANKS Benefit Trust

Office Depot Banker Signup

Security Professionals Workshop

2017 HSA