August 23, 2016

3 Reasons to Become EMV Compliant from Lessons Learned

Ken Salazar, President & CEO SilverEdge

EMV technology was implemented in 2015 to decrease the risk of fraud for card users, however there has been significant impact to business owners as well. Small businesses have seen a 38% increase in chargebacks this year with a large portion of that attributed to not appropriately implementing EMV technology. Here are three reasons to become EMV compliant:

1.  With EMV technology laws, if the card is swiped and not run as a chip, the business is now held liable for additional chargebacks.

2.  Businesses…

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