The international payments giant TSYS just published its most recent Consumer Payment Choice Study, and found that of all the features consumers want from their payment methods, their highest priority is security.
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A survey of 2.42 million merchants found that only 27% of them expect to be EMV-ready on October 1.
That's not what regulators and the industry expected -- especially because, on October 1, merchants without the new technology will become liable for credit card fraud.
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Tags: Check Fraud, Tom Lombardo, Credit Card, EMV
On October 1 merchants who can't accept the new EMV chip-embedded credit cards will become liable for credit card fraud occurring at their business.
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Tags: Check Fraud, Tom Lombardo, Credit Card, EMV
