ETA Sends Letter to State Attorneys General Regarding CHIP Cards
October 26, 2015
As you are probably aware, the payments industry has initiated the most significant upgrade to our nation’s credit and debit cards in decades, in order to increase security for consumers, retailers, and the overall payments system.
The transition to EMV or “chip” cards is a major priority because EMV addresses the most common form of in-store fraud — counterfeit credit cards. Upgrading to EMV-ready point of sale terminals is the best way for business owners to protect themselves and their customers from this type of fraud.