[New post] US stores are expected to accept chip-and-PIN credit cards today, but most aren’t ready

sskarthik posted: "Today is the day that every merchant in the US is expected to have new terminals installed that can accept chip-and-PIN cards, the secure credit card technology that is ubiquitous in Europe and Canada and has been proliferating throughout the US for the l" Respond to this post by replying above this line New post on SKarthik.info US stores are expected to accept chip-and-PIN credit cards today, but most aren’t ready by sskarthik Today is the day that every merchant in the US is expected to have new terminals installed that can accept chip-and-PIN cards, the secure credit card technology that is ubiquitous in Europe and Canada and has been proliferating throughout the US for the last year. While the US is the last major market using the signature system for credit card authentication, the 10-year-old chip-and-PIN system still hasn't caught on thanks to comparatively robust fraud protection systems in the States. Back in 2012, Visa and MasterCard instituted a liability shift that would shift fraud responsibility to merchants who haven't switched to chip-and-PIN-compatible terminals by October 1st, 2015. While this would seem to be incentive enough for merchants to get on board with chip and PIN, it... Read more... sskarthik | October 1, 2015 at 9:53 pm | Categories: Computers and Internet | URL: http://wp.me/p1eKZE-3n4v Comment    See all comments Unsubscribe to no longer receive posts from SKarthik.info. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://sskarthik.wordpress.com/2015/10/01/us-stores-are-expected-to-accept-chip-and-pin-credit-cards-today-but-most-arent-ready/ Thanks for flying with WordPress.com