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Friday, September 23, 2016

U.S. merchants inch toward EMV compliance

As the U.S. payments industry approaches the one-year anniversary of the Oct. 1, 2015, EMV (Europay, Mastercard and Visa) liability shift, a majority of card-accepting merchants have not implemented chip card technology, according to a study issued Sept. 20, 2016, by The Strawhecker Group, a payments industry consultancy. TSG researchers based their findings on 79 payment service providers responsible for more than 3.4 million merchants. This represents nearly half of the U.S. merchant services market.

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