#e.m.v. standard

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U.S. merchants prep for smart credit cards

U.S. merchants prep for smart credit cards

Writing for the Institutional Investor, analyst Jeffrey Kutler reports that U.S. merchants – in an effort to limit loss liability – face an October 2015 deadline to install PoS (Point of Service) devices compatible with the E.M.V. standard.

“[This] enables them to read cards equipped with computer chips, which are far less vulnerable to fraud and forgery than the old magnetic stripes, and which…

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