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EMV – Imminent October 1st Deadline

October 1st is right around the corner. This means that your ATM must be up to date on a new federal law that has all ATM’s be EMV compatible. As far as we know, there’s no fine for not getting this done. So then why bother? Aside from protecting cardholders from fraudulent charges, what’s in it for store owners? Simply put, it protects you from fraudulent disputes. When an ATM malfunctions (and it’s not uncommon for this to happen!), starting October 1st, whatever money doesn’t dispense from the ATM can be disputed by cardholders and the banks will hold store owners accountable for any bill jams or other ATM mishaps. A claim for $600 can easily become the store owner’s... Read More