As the clock for the EMV fraud liability shift deadline ticks away, will your favorite mom-and-pop shop be ready to process your new chip card? Probably not, and numbers show they’re not likely to be ready any time soon despite transition-assistance programs.
If your credit card issuer has already sent you a new card featuring a metallic square on its face, congrats. You’re ready for the national shift to a data-encryption card technology known as EMV. In fact, you may be more prepared than the majority of U.S. retailers.